Quanta Services (PWR) Stock Forecast & Price Target

$346.54 +3.62 (+1.06%)

(As of 11/26/2024 ET)

Quanta Services - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
4

Buy
12

Based on 16 Wall Street analysts who have issued ratings for Quanta Services in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 4 have given a hold rating, and 12 have given a buy rating for PWR.

Consensus Price Target

$314.27
-9.31% Downside

According to the 16 analysts' twelve-month price targets for Quanta Services, the average price target is $314.27. The highest price target for PWR is $367.00, while the lowest price target for PWR is $250.00. The average price target represents a forecasted downside of -9.31% from the current price of $346.54.

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PWR Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$314.27	$308.07	$287.09	$209.17
Forecasted Upside	-9.31% Downside	-1.69% Downside	5.91% Upside	15.38% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PWR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PWR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Quanta Services Stock vs. The Competition

Type	Quanta Services	Construction Companies	S&P 500
Consensus Rating Score	2.75	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-9.31% Downside	7.19% Upside	6.72% Upside
News Sentiment Rating	Positive News See Recent PWR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	Northland Securities 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$280.00 ➝ $328.00	+8.54%
11/1/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$320.00 ➝ $333.00	+10.40%
10/23/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$313.00 ➝ $367.00	+19.31%
10/15/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$280.00 ➝ $335.00	+7.72%
10/10/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$283.00 ➝ $342.00	+12.23%
10/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$319.00 ➝ $358.00	+16.47%
Get the Latest News and Ratings for PWR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Quanta Services and its competitors with MarketBeat's FREE daily newsletter.
10/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$297.00	-2.85%
10/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$302.00 ➝ $348.00	+14.59%
9/19/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fleishman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$313.00	+15.05%
9/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$256.00	-0.62%
8/2/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$286.00 ➝ $303.00	+23.24%
5/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$285.00 ➝ $310.00	+10.33%
5/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$259.00 ➝ $286.00	+0.52%
5/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$255.00 ➝ $288.00	+6.94%
5/7/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$225.00 ➝ $250.00	-7.77%
1/10/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight ➝ Sector Weight
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$201.00 ➝ $238.00	+17.05%
12/27/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$155.00 ➝ $165.00	+14.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:37 AM ET.

Should I Buy Quanta Services Stock? PWR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Quanta Services pros and cons to contact@marketbeat.com.

Quanta Services
Bull Case

Here are some ways that investors could benefit from investing in Quanta Services, Inc.:

Quanta Services, Inc. has shown strong institutional support, with 90.49% of its stock owned by institutional investors, indicating confidence in the company's future performance.
The stock has received multiple upgrades from analysts, with price targets raised significantly, such as UBS Group increasing their target from $313.00 to $367.00, suggesting a positive outlook for the company's growth.
As of the latest trading session, Quanta Services, Inc. is priced at $341.92, reflecting a robust market position and investor interest.
The company has a solid market capitalization of $50.47 billion, which provides stability and resources for growth initiatives.
Quanta Services, Inc. has a favorable debt-to-equity ratio of 0.58, indicating a balanced approach to leveraging debt for growth while maintaining financial health.

Quanta Services
Bear Case

Investors should be bearish about investing in Quanta Services, Inc. for these reasons:

The stock has a high P/E ratio of 63.08, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite recent upgrades, four analysts have rated the stock with a hold rating, indicating some uncertainty about its short-term performance.
Quanta Services, Inc. has experienced fluctuations in trading volume, with recent volumes at 853,437 shares compared to an average of 975,902, which may indicate volatility in investor sentiment.
The company’s stock has a beta of 1.01, suggesting it moves in line with the market, which could expose investors to broader market risks.
Recent selling by major institutional investors, such as Citigroup trimming its position by 3.4%, may raise concerns about insider confidence in the stock's future performance.

PWR Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Quanta Services is $314.27, with a high forecast of $367.00 and a low forecast of $250.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanta Services in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PWR shares.
: According to analysts, Quanta Services's stock has a predicted downside of -9.31% based on their 12-month stock forecasts.
: Quanta Services has been rated by research analysts at Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Northland Securities, Robert W. Baird, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, and Wolfe Research in the past 90 days.
: Analysts like Quanta Services more than other "construction" companies. The consensus rating score for Quanta Services is 2.75 while the average consensus rating score for "construction" companies is 2.61. Learn more on how PWR compares to other companies.

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This page (NYSE:PWR) was last updated on 11/27/2024 by MarketBeat.com Staff

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Quanta Services (PWR) Stock Forecast & Price Target