Quanta Services (NYSE:PWR) Earns Neutral Rating from Analysts at Mizuho

Equities researchers at Mizuho initiated coverage on shares of Quanta Services (NYSE:PWR) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $360.00 price target on the construction company’s stock. Mizuho’s target price indicates a potential downside of 3.37% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler reaffirmed an “overweight” rating and issued a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. JPMorgan Chase & Co. upped their target price on Quanta Services from $345.00 to $392.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus upped their target price on Quanta Services from $411.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Northland Securities downgraded Quanta Services from an “outperform” rating to a “market perform” rating and set a $354.00 target price for the company. in a research report on Wednesday, July 2nd. Finally, UBS Group upped their target price on Quanta Services from $413.00 to $474.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $397.18.

Quanta Services Price Performance

PWR stock opened at $372.56 on Thursday. The stock has a 50-day moving average price of $387.38 and a two-hundred day moving average price of $330.61. Quanta Services has a 12-month low of $227.08 and a 12-month high of $424.94. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $55.52 billion, a PE ratio of 57.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results 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. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, research analysts predict that Quanta Services will post 9.34 EPS for the current year.

Institutional Trading of Quanta Services

Hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Quanta Services in the 1st quarter worth approximately $25,000. Copia Wealth Management lifted its holdings in shares of Quanta Services by 509.1% in the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of Quanta Services by 159.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after purchasing an additional 43 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $26,000. Finally, Solstein Capital LLC lifted its holdings in shares of Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

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.