Quanta Services, Inc. (NYSE: PWR)’s stock price has increased by 1.45 compared to its previous closing price of 254.30. However, the company has seen a -0.11% decrease in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-04 that HOUSTON, April 4, 2024 /PRNewswire/ — Quanta Services, Inc. (NYSE: PWR) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call and webcast for 9:00 a.m.
Is It Worth Investing in Quanta Services, Inc. (NYSE: PWR) Right Now?
The price-to-earnings ratio for Quanta Services, Inc. (NYSE: PWR) is 51.55x, which is above its average ratio. Moreover, the 36-month beta value for PWR is 1.11. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PWR is 143.94M and currently, short sellers hold a 2.30% of that float. On April 12, 2024, PWR’s average trading volume was 931.15K shares.
PWR’s Market Performance
PWR’s stock has seen a -0.11% decrease for the week, with a 6.71% rise in the past month and a 26.69% gain in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 1.97% for Quanta Services, Inc. The simple moving average for the past 20 days is 1.47% for PWR’s stock, with a 26.43% simple moving average for the past 200 days.
Analysts’ Opinion of PWR
Many brokerage firms have already submitted their reports for PWR stocks, with Truist repeating the rating for PWR by listing it as a “Buy.” The predicted price for PWR in the upcoming period, according to Truist is $301 based on the research report published on March 14, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PWR reach a price target of $270, previously predicting the price at $205. The rating they have provided for PWR stocks is “Outperform” according to the report published on February 27th, 2024.
Evercore ISI gave a rating of “Outperform” to PWR, setting the target price at $237 in the report published on February 13th of the current year.
PWR Trading at 9.80% from the 50-Day Moving Average
After a stumble in the market that brought PWR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.94% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +6.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.80% upper at present.
During the last 5 trading sessions, PWR fell by -0.11%, which changed the moving average for the period of 200-days by +35.43% in comparison to the 20-day moving average, which settled at $255.07. In addition, Quanta Services, Inc. saw 19.56% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PWR starting from WAYNE DONALD, who sale 1,101 shares at the price of $261.94 back on Mar 27 ’24. After this action, WAYNE DONALD now owns 40,065 shares of Quanta Services, Inc., valued at $288,396 using the latest closing price.
WAYNE DONALD, the EVP and General Counsel of Quanta Services, Inc., sale 595 shares at $239.61 during a trade that took place back on Mar 12 ’24, which means that WAYNE DONALD is holding 41,954 shares at $142,568 based on the most recent closing price.
Stock Fundamentals for PWR
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.14 for the gross margin
The net margin for Quanta Services, Inc. stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 12.78, with 5.01 for asset returns.
Based on Quanta Services, Inc. (PWR), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 6.1.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 3.59for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To wrap up, the performance of Quanta Services, Inc. (PWR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
