Quanta Services, Inc. (NYSE:PWR) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Quanta Services, Inc. has received an average rating of "Moderate Buy" from 25 brokerages, with 12 recommending a hold and 13 suggesting a buy.
• Recent earnings data shows Quanta Services reported an EPS of $2.48, exceeding analysts' estimates, with revenue of $6.77 billion, which is up 21.1% year-over-year.
• Institutional investors own approximately 90.49% of Quanta Services, with significant recent investments from Norges Bank and Kingstone Capital Partners.

Quanta Services, Inc. (NYSE:PWR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-five brokerages that are currently covering the company, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $392.4545.

A number of analysts have recently issued reports on PWR shares. Sanford C. Bernstein cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective on the stock. in a research report on Monday, July 28th. Northland Capmk cut Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. Northland Securities cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective on the stock. in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $370.00 price target (up from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th.

Institutional Trading of Quanta Services

A number of large investors have recently bought and sold shares of PWR. Norges Bank bought a new stake in Quanta Services in the second quarter valued at $675,802,000. Kingstone Capital Partners Texas LLC bought a new stake in Quanta Services in the second quarter valued at $650,960,000. Nuveen LLC bought a new stake in Quanta Services in the first quarter valued at $404,288,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company's stock valued at $917,009,000 after acquiring an additional 882,209 shares during the period. Finally, GAMMA Investing LLC grew its position in Quanta Services by 22,475.0% in the first quarter. GAMMA Investing LLC now owns 815,409 shares of the construction company's stock valued at $207,261,000 after acquiring an additional 811,797 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Performance

PWR opened at $383.86 on Wednesday. The stock has a market cap of $57.20 billion, a PE ratio of 59.42, a P/E/G ratio of 2.25 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Quanta Services has a 1 year low of $227.08 and a 1 year high of $424.94. The stock's 50 day simple moving average is $386.06 and its 200-day simple moving average is $326.22.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.Quanta Services's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. Sell-side analysts forecast that Quanta Services will post 9.34 EPS for the current year.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

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