TD Cowen Raises Quanta Services (NYSE:PWR) Price Target to $570.00

Quanta Services (NYSE:PWR) had its target price raised by investment analysts at TD Cowen from $425.00 to $570.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the construction company’s stock. TD Cowen’s price objective would indicate a potential upside of 1.23% from the company’s previous close.

PWR has been the subject of several other research reports. B. Riley Financial lifted their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Jefferies Financial Group raised their target price on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Roth Mkm reiterated a “buy” rating and issued a $600.00 price target on shares of Quanta Services in a report on Friday, February 20th. Finally, Robert W. Baird boosted their price objective on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Stock Performance

PWR stock opened at $563.06 on Monday. The firm has a market cap of $84.25 billion, a PE ratio of 82.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $478.04 and a 200-day moving average price of $440.55. Quanta Services has a 1-year low of $227.08 and a 1-year high of $573.94.

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

Institutional Trading of Quanta Services

Several institutional investors have recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in Quanta Services by 5.4% in the third 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. Mediolanum International Funds Ltd lifted its position in shares of Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after buying an additional 4,451 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Quanta Services by 17.1% during the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock worth $43,680,000 after acquiring an additional 15,388 shares during the period. Chilton Capital Management LLC increased its holdings in Quanta Services by 63.3% in 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 last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Quanta Services by 59.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock valued at $18,397,000 after acquiring an additional 16,637 shares during the period. 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.