The Goldman Sachs Group Issues Positive Forecast for Quanta Services (NYSE:PWR) Stock Price

Key Points

• The Goldman Sachs Group raised its price target on Quanta Services to $826 (from $685) and kept a "buy" rating, implying roughly a 9.5% upside from the recent close.
• Quanta beat Q1 estimates with EPS of $2.68 versus $2.04 expected and revenue of $7.87 billion (up 26.3% year-over-year), and set FY2026 guidance of $13.55–$14.25 EPS.
• Analysts hold a "Moderate Buy" consensus (18 Buys, 7 Holds) with an average price target of $678; the stock trades near $754 with a $113.17 billion market cap and a P/E of 103.33, indicating a high valuation.

Quanta Services (NYSE:PWR - Get Free Report) had its price objective increased by research analysts at The Goldman Sachs Group from $685.00 to $826.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 9.52% from the company's previous close.

PWR has been the subject of several other reports. Mizuho lifted their price target on Quanta Services from $580.00 to $693.00 and gave the company a "neutral" rating in a research report on Friday. DA Davidson raised their target price on Quanta Services from $450.00 to $575.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Evercore lifted their target price on Quanta Services from $635.00 to $800.00 and gave the company an "outperform" rating in a report on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Quanta Services in a report on Friday, April 10th. Finally, Bank of America raised their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $678.00.

Quanta Services Price Performance

PWR stock opened at $754.17 on Monday. The business has a 50-day simple moving average of $578.99 and a two-hundred day simple moving average of $498.52. The company has a market capitalization of $113.17 billion, a P/E 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. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Research analysts expect that Quanta Services will post 11.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lewis Asset Management LLC raised its stake in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company's stock valued at $380,000 after purchasing an additional 17 shares in the last quarter. Stiles Financial Services Inc grew its stake in Quanta Services by 1.8% in the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company's stock worth $542,000 after buying an additional 17 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of Quanta Services by 2.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company's stock worth $387,000 after buying an additional 20 shares during the last quarter. Quantum Portfolio Management LLC raised its position in shares of Quanta Services by 2.2% during the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company's stock valued at $399,000 after buying an additional 20 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its position in shares of Quanta Services by 1.2% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company's stock valued at $731,000 after buying an additional 21 shares in the last quarter. Hedge funds and other 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.

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