Evercore Increases Quanta Services (NYSE:PWR) Price Target to $635.00

Quanta Services (NYSE:PWR) had its price target increased by equities researchers at Evercore from $604.00 to $635.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Evercore’s price target would indicate a potential upside of 13.16% from the stock’s current price.

A number of other research firms also recently weighed in on PWR. Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a research note on Monday, February 23rd. Sanford C. Bernstein lifted their target price on shares of Quanta Services from $515.00 to $538.00 in a report on Wednesday. Citigroup upped their target price on shares of Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Argus increased their price target on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group lifted their price objective on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $593.23.

Quanta Services Price Performance

Quanta Services stock opened at $561.15 on Wednesday. The business’s 50-day simple moving average is $536.73 and its 200 day simple moving average is $470.16. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock has a market cap of $83.96 billion, a price-to-earnings ratio of 82.52, a P/E/G ratio of 2.54 and a beta of 1.10. Quanta Services has a 12-month low of $227.08 and a 12-month high of $583.73.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts anticipate that Quanta Services will post 9.34 earnings per share for the current year.

Hedge Funds Weigh In On Quanta Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock valued at $19,316,000 after purchasing an additional 2,375 shares during the last quarter. Calamos Advisors LLC boosted its position in Quanta Services by 17.1% in the third quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after buying an additional 15,388 shares in the last quarter. Chilton Capital Management LLC grew its stake in shares of Quanta Services by 63.3% during the third quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after buying an additional 64,560 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Quanta Services by 59.9% during the third quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after buying an additional 16,637 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Quanta Services by 20.4% in the 3rd quarter. Atria Investments Inc now owns 13,818 shares of the construction company’s stock valued at $5,727,000 after acquiring an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Key Stories Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Jefferies raised its price target to $654 and kept a “buy” rating, implying meaningful upside versus current levels — a direct positive catalyst for investor demand. Article Title
• Positive Sentiment: Evercore bumped its target to $635 and reiterated an “outperform” rating, reinforcing institutional optimism and supporting further upside. Article Title
• Positive Sentiment: Mizuho commentary flagged the stock as likely to rise, adding another buy‑side voice and helping demand for shares. Article Title
• Positive Sentiment: Zacks highlights Quanta’s push into data centers and AI‑related power work, citing strong 2025 results (revenues and a record ~$44B backlog) — a structural growth story that supports higher long‑term multiples. Article Title
• Positive Sentiment: Two bullish Seeking Alpha pieces frame Quanta as a multi‑year infrastructure/ reindustrialization opportunity, which can attract longer‑term momentum investors. Article Title Article Title
• Neutral Sentiment: The company’s Analyst/Investor Day transcript is available — useful for detail on strategy and execution but not an immediate price driver by itself. Article Title
• Negative Sentiment: Sanford C. Bernstein raised its target to $538, which remains below current market levels and could be cited by cautious investors or short‑term sellers as less bullish. Article Title

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.