Quanta Services (NYSE:PWR) Raised to “Buy” at Wall Street Zen

Quanta Services (NYSE:PWR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Several other brokerages also recently commented on PWR. Benchmark downgraded Quanta Services to a “sell” rating in a research note on Friday. Weiss Ratings cut Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $714.00 price target on shares of Quanta Services in a report on Tuesday, July 21st. Roth Capital lifted their price objective on shares of Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Finally, Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $758.96.

Quanta Services Stock Up 2.2%

Quanta Services stock opened at $681.75 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The company’s 50-day moving average is $679.33 and its 200-day moving average is $615.16. The firm has a market capitalization of $102.30 billion, a PE ratio of 78.09, a P/E/G ratio of 2.63 and a beta of 1.21. Quanta Services has a fifty-two week low of $363.01 and a fifty-two week high of $788.75.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. Quanta Services’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Sell-side analysts anticipate that Quanta Services will post 12.8 earnings per share for the current year.

Quanta Services declared that its Board of Directors has initiated a share buyback program on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Quanta Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cedar Mountain Advisors LLC grew its position in Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after buying an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at $26,000. Boreal Capital Management LLC acquired a new stake in shares of Quanta Services during the 1st quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth $28,000. Finally, MV Capital Management Inc. bought a new position in shares of Quanta Services in the fourth quarter worth $30,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services News Roundup

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Truist raised its price target to $976 from $940 and reaffirmed its “Buy” rating. The revised target implies significant potential upside and reflects continued confidence in Quanta’s earnings and infrastructure-related growth prospects. Benzinga
• Positive Sentiment: Mizuho increased its price target to $741 from $659. Although the firm maintained a “Neutral” rating, the higher target suggests its outlook for Quanta improved following the stock’s recent performance and operating trends. The Fly
• Positive Sentiment: Guggenheim upgraded Quanta Services, adding further positive analyst sentiment around the company’s outlook. Quanta Services Upgraded at Guggenheim
• Positive Sentiment: Wall Street Zen raised its rating to “Buy,” reinforcing the broader trend of improving analyst sentiment. Quanta Services Rating Increased to Buy
• Neutral Sentiment: A Seeking Alpha analysis argues that Quanta’s valuation multiple has compressed without a comparable deterioration in its underlying business thesis. This may reassure investors concerned about valuation, although it also highlights that the stock remains sensitive to further multiple changes. Quanta Services: The Market Compressed the Multiple and Not the Thesis
• Negative Sentiment: Quanta priced a $2 billion senior-notes offering consisting of notes due in 2029, 2033 and 2036, with coupons ranging from 4.850% to 5.550%. The financing can support growth or general corporate purposes, but it will increase debt and future interest expense. The offering is expected to close August 6, subject to customary conditions. Quanta Services Announces Pricing of Senior Notes Offering

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.