Quanta Services, Inc. [PWR] stock prices are up 5.22% to $263.09 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PWR shares have gain 2.90% over the last week, with a monthly amount glided 1.17%, and 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 September 04, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $256. Previously, TD Cowen reaffirmed its Buy rating on August 08, 2024, and elevated its price target to $280. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $301 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $270 on February 27, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $237 as its price target on February 13, 2024. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on January 10, 2024.
The stock price of Quanta Services, Inc. [PWR] has been fluctuating between $153.74 and $286.87 over the past year. Currently, Wall Street analysts expect the stock to reach $217.56 within the next 12 months. Quanta Services, Inc. [NYSE: PWR] shares were valued at $263.09 at the most recent close of the market. An investor can expect a potential drop of -17.31% based on the average PWR price forecast.
Analyzing the PWR fundamentals
The Quanta Services, Inc. [NYSE:PWR] reported sales of 22.03B for trailing twelve months, representing a surge of 10.81%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 254.32 points at the first support level, and at 245.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 268.04, and for the 2nd resistance point, it is at 272.98.
Ratios To Look Out For
It’s worth pointing out that Quanta Services, Inc. [NYSE:PWR]’s Current Ratio is 1.30. On the other hand, the Quick Ratio is 1.25, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 5.87 and price to earnings (TTM) ratio is 49.65.
Transactions by insiders
Recent insider trading involved Studer Karl W, President, Electric Power, that happened on Aug 21 ’24 when 23357.0 shares were sold. Officer, Studer Karl W completed a deal on Aug 21 ’24 to buy 15538.0 shares. Meanwhile, Officer Karl W Studer bought 7819.0 shares on Aug 21 ’24.
