TD Cowen Boosts Quanta Services (NYSE:PWR) Price Target to $775.00

Quanta Services (NYSE:PWR) had its price objective raised by equities researchers at TD Cowen from $570.00 to $775.00 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the construction company’s stock. TD Cowen’s price target suggests a potential upside of 4.53% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald lifted their target price on Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. DA Davidson lifted their target price on Quanta Services from $450.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. BNP Paribas Exane started coverage on Quanta Services in a research note on Tuesday, April 14th. They issued a “neutral” rating for the company. Sanford C. Bernstein boosted their price target on Quanta Services from $515.00 to $538.00 in a research note on Wednesday, April 1st. Finally, Mizuho boosted their price target on Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday. Eighteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $660.05.

Quanta Services Trading Down 0.1%

NYSE:PWR opened at $741.44 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services has a fifty-two week low of $315.00 and a fifty-two week high of $742.33. The stock’s 50-day moving average is $578.99 and its two-hundred day moving average is $498.52. The stock has a market cap of $111.26 billion, a PE ratio of 101.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts forecast that Quanta Services will post 11.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWR. Cedar Mountain Advisors LLC lifted its holdings in Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Quanta Services in the 2nd quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after purchasing an additional 32 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Quanta Services in the 4th quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

About Quanta Services

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.