At the time of writing, Quanta Services, Inc. [PWR] stock is trading at $259.62, down -1.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PWR shares have gain 7.76% over the last week, with a monthly amount drifted -1.71%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Quanta Services, Inc. [NYSE: PWR] stock has seen the most recent analyst activity on August 08, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $280 from $270. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $301. On February 27, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $270 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $237 on February 13, 2024. KeyBanc Capital Markets downgraded its rating to a Sector Weight. In a note dated November 08, 2023, Goldman upgraded an Buy rating on this stock and revised its target price from $214 to $211.
For the past year, the stock price of Quanta Services, Inc. fluctuated between $153.74 and $286.87. Currently, Wall Street analysts expect the stock to reach $212.75 within the next 12 months. Quanta Services, Inc. [NYSE: PWR] shares were valued at $259.62 at the most recent close of the market. An investor can expect a potential drop of -18.05% based on the average PWR price forecast.
Analyzing the PWR fundamentals
According to Quanta Services, Inc. [NYSE:PWR], the company’s sales were 22.03B for trailing twelve months, which represents an 10.81% jump. Gross Profit Margin for this corporation currently stands at 0.13% 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 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 255.69 points at the first support level, and at 251.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 264.27, and for the 2nd resistance point, it is at 268.93.
Ratios To Look Out For
It is important to note that Quanta Services, Inc. [NYSE:PWR] has a current ratio of 1.30. As well, the Quick Ratio is 1.25, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 5.79 and price to earnings (TTM) ratio is 49.00.
Transactions by insiders
Recent insider trading involved Probst James Redgie, Officer, that happened on Aug 09 ’24 when 34000.0 shares were purchased. Officer, Ducey Gerald A JR completed a deal on Aug 09 ’24 to buy 15000.0 shares. Meanwhile, EVP and General Counsel WAYNE DONALD sold 1101.0 shares on Mar 27 ’24.
