Quanta Services, Inc. (PWR) Monthly Report
Publication Date: September 22, 2024
Company Overview
Quanta Services, Inc. (PWR), based in Houston, Texas, is a leading player in the engineering and construction sector, specializing in infrastructure solutions. The company caters to essential industries, including electric and gas utilities, renewable energy, communications, and pipelines. Quanta offers a comprehensive range of services, encompassing the design, procurement, construction, and maintenance of electric power transmission and distribution systems. Notably, the company is also involved in renewable energy projects, including wind, solar, and hydropower facilities. With reported total revenues of approximately $22.03 billion, Quanta Services stands out for its significant market presence and diverse service offerings.
Investment Outlook
The Engineering and Construction sector, under which Quanta Services operates, presents robust growth potential, driven by the continuous demand for infrastructure development. Analysts have positioned a “buy” recommendation for PWR, with a target high price of $319.00, suggesting substantial upside potential. The current trading price is $290.89, near its fifty-two week high of $293.80, indicating a favorable market trend. The stock shows a 3.03% short interest, reflecting generally positive investor sentiment. Additionally, with a target mean price of $290.57 and a target low price of $256.00, market experts anticipate stable performance within this range. The company’s solid revenue figures, coupled with its operational scale, underscore its resilience and growth prospects in an evolving landscape.
Stock Performance Analysis
Quanta Services’ stock has demonstrated noteworthy volatility over the past year, with a fifty-two week low at $153.74 and exhibiting a marked upward trend towards its yearly peak. The calculated recommendation mean score of 1.9, based on 18 analyst opinions, further reinforces the stock’s potential as a favorable investment opportunity. The fifty-day moving average stands at $262.05, indicating that the current price significantly surpasses this benchmark, supporting a bullish market sentiment. Overall, Quanta Services, Inc. is poised for continued success, making it an attractive consideration for growth-oriented investors within the industrial sector.
| Metric | Value |
|---|---|
| Market Cap | $42.9b |
| Total Debt | $3.8b |
| Total Cash | $518.1m |
| Shares Outstanding | 147.3m |
| Float Shares | 145.6m |
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