Quanta Services (NYSE:PWR) Price Target Raised to $900.00

Quanta Services (NYSE:PWR) had its target price upped by analysts at UBS Group from $646.00 to $900.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective indicates a potential upside of 19.34% from the stock’s previous close.

PWR has been the topic of a number of other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research report on Friday, April 10th. Bank of America boosted their target price on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. TD Cowen raised their price target on shares of Quanta Services from $570.00 to $775.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, The Goldman Sachs Group raised their target price on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Eighteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $678.00.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $754.17 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a 50 day moving average price of $578.99 and a 200 day moving average price of $498.52. The stock has a market capitalization of $113.17 billion, a PE ratio of 103.33, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. Quanta Services has a 52 week low of $315.00 and a 52 week high of $750.04.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts predict that Quanta Services will post 11.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Hedge funds have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ raised its stake 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 period. Chilton Capital Management LLC increased its holdings in Quanta Services by 63.3% during the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock worth $69,016,000 after acquiring an additional 64,560 shares during the period. Atria Investments Inc boosted its holdings in 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 purchasing an additional 2,340 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Quanta Services by 44.4% in the third quarter. Westfield Capital Management Co. LP now owns 245,506 shares of the construction company’s stock worth $101,743,000 after purchasing an additional 75,449 shares during the period. Finally, Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in Quanta Services during the third quarter valued at $1,752,000. 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.