Quanta Services, Inc. [PWR] stock is trading at $255.54, down -0.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PWR shares have gain 4.81% over the last week, with a monthly amount glided 9.02%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Quanta Services to Participate in Several Institutional Investor Conferences in March. In a post published today on Yahoo Finance, Raymond James 45th Annual Institutional Investors ConferenceBank of America Securities 2024 Power, Utilities and Clean Energy ConferenceDaiwa Investment Conference Tokyo 2024.
From an analyst’s perspective:
Quanta Services, Inc. [NYSE: PWR] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $301. Previously, TD Cowen reaffirmed its Outperform rating on February 27, 2024, and elevated its price target to $270. On February 13, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $237 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Goldman upgraded its rating to Buy for this stock on November 08, 2023, and downed its price target to $211. In a note dated December 27, 2022, Cowen reiterated an Outperform rating on this stock and boosted its target price from $155 to $165.
Quanta Services, Inc. [PWR] stock has fluctuated between $153.74 and $257.52 over the past year. Currently, Wall Street analysts expect the stock to reach $132.6 within the next 12 months. Quanta Services, Inc. [NYSE: PWR] shares were valued at $255.54 at the most recent close of the market. An investor can expect a potential drop of -48.11% based on the average PWR price forecast.
Analyzing the PWR fundamentals
Quanta Services, Inc. [NYSE:PWR] reported sales of 20.88B for the trailing twelve months, which represents a growth of 30.96%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 253.62 points at the first support level, and at 251.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 256.98, and for the 2nd resistance point, it is at 258.43.
Quanta Services, Inc. [PWR] reported earnings per share of $2.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.98/share, meaning a difference of $0.06 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.24 per share as compared to estimates of $2.11 per share, a difference of $0.13 representing a surprise of 6.20%.
Ratios To Look Out For
For context, Quanta Services, Inc.’s Current Ratio is 1.47. Also, the Quick Ratio is 1.44, while the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 5.93 and price to earnings (TTM) ratio is 51.06.
Transactions by insiders
Recent insider trading involved WAYNE DONALD, EVP and General Counsel, that happened on Mar 12 ’24 when 595.0 shares were sold. EVP and General Counsel, WAYNE DONALD completed a deal on Mar 05 ’24 to sell 904.0 shares. Meanwhile, EVP and General Counsel WAYNE DONALD sold 8842.0 shares on Mar 04 ’24.
