Quanta Services (NYSE:PWR) Earns Neutral Rating from Analysts at BNP Paribas Exane

Equities researchers at BNP Paribas Exane started coverage on shares of Quanta Services (NYSE:PWR) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “neutral” rating on the construction company’s stock.

Several other research analysts have also issued reports on the company. Robert W. Baird increased their price objective on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. B. Riley Financial increased their price objective on Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Argus raised their target price on Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Evercore raised their target price on Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Finally, Truist Financial restated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $595.50.

Quanta Services Price Performance

Quanta Services stock traded down $4.32 during mid-day trading on Tuesday, hitting $591.52. 102,286 shares of the company were exchanged, compared to its average volume of 1,098,157. 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 business has a fifty day moving average of $550.23 and a 200 day moving average of $480.31. Quanta Services has a 1-year low of $251.04 and a 1-year high of $599.00. The company has a market capitalization of $88.50 billion, a PE ratio of 86.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

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

Hedge Funds Weigh In On Quanta Services

Several hedge funds have recently added to or reduced their stakes in PWR. Cedar Mountain Advisors LLC boosted its holdings in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares during the last quarter. Activest Wealth Management boosted its holdings in Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Quanta Services during the fourth quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in Quanta Services during the second quarter worth about $26,000. Finally, MV Capital Management Inc. bought a new position in Quanta Services during the fourth quarter worth about $30,000. Institutional investors own 90.49% of the company’s stock.

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.