Cantor Fitzgerald Raises Quanta Services (NYSE:PWR) Price Target to $901.00

Quanta Services (NYSE:PWRGet Free Report) had its target price hoisted by stock analysts at Cantor Fitzgerald from $630.00 to $901.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 19.45% from the stock’s current price.

PWR has been the subject of several other reports. B. Riley Financial reiterated a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. Weiss Ratings downgraded shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Stifel Nicolaus set a $784.00 price objective on Quanta Services in a report on Friday, May 1st. Robert W. Baird upped their target price on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, 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 report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $708.05.

Read Our Latest Report on Quanta Services

Quanta Services Stock Performance

Shares of PWR stock opened at $754.30 on Monday. 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 has a fifty-two week low of $320.56 and a fifty-two week high of $788.75. The company has a market capitalization of $113.19 billion, a P/E ratio of 103.41, a PEG ratio of 2.56 and a beta of 1.24. The stock has a 50 day moving average price of $591.73 and a two-hundred day moving average price of $505.56.

Quanta Services (NYSE:PWRGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. Quanta Services’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts expect that Quanta Services will post 12.84 earnings per share for the current year.

Insider Activity

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Paul Nobel sold 4,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the completion of the sale, the chief accounting officer directly owned 8,080 shares of the company’s stock, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,992 shares of company stock worth $123,244,714 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quanta Services

Several hedge funds and other institutional investors have recently bought and sold shares of PWR. Bartlett & CO. Wealth Management LLC increased its stake in shares of Quanta Services by 2.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after acquiring an additional 13 shares during the period. SouthState Bank Corp increased its holdings in Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after buying an additional 16 shares in the last quarter. Lewis Asset Management LLC raised its holdings in Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after purchasing an additional 17 shares during the period. Stiles Financial Services Inc grew its holdings in Quanta Services by 1.8% in the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after purchasing an additional 17 shares during the period. Finally, Ethos Financial Group LLC raised its holdings in shares of Quanta Services by 1.8% during the first quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company’s stock valued at $584,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Company Profile

(Get Free Report)

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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