A share price of Quanta Services, Inc [PWR] is currently trading at $326.88, down -0.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The PWR shares have gain 5.17% over the last week, with a monthly amount glided 6.98%, 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 October 15, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $335 from $280. Previously, JP Morgan started tracking the stock with Neutral rating on October 07, 2024, and set its price target to $297. On September 19, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $313 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $256 on September 04, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $280 on August 08, 2024. Truist started tracking with a Buy rating for this stock on March 14, 2024, and assigned it a price target of $301. In a note dated February 27, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $205 to $270.
Quanta Services, Inc experienced fluctuations in its stock price throughout the past year between $173.62 and $335.00. Currently, Wall Street analysts expect the stock to reach $266.33 within the next 12 months. Quanta Services, Inc [NYSE: PWR] shares were valued at $326.88 at the most recent close of the market. An investor can expect a potential drop of -18.52% based on the average PWR price forecast.
Analyzing the PWR fundamentals
Trailing Twelve Months sales for Quanta Services, Inc [NYSE:PWR] were 22.90B which represents 15.52% growth. 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 0.04, Equity is 0.12 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 323.39 points at the first support level, and at 319.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 332.09, and for the 2nd resistance point, it is at 337.30.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Quanta Services, Inc [NYSE:PWR] is 1.23. On the other hand, the Quick Ratio is 1.19, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 6.82 and price to earnings (TTM) ratio is 60.39.
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.
