The stock of Quanta Services, Inc. (PWR) has gone up by 5.95% for the week, with a 6.24% rise in the past month and a 30.03% rise in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are 2.79% for PWR. The simple moving average for the past 20 days is 5.90% for PWR’s stock, with a 28.74% simple moving average for the past 200 days.
Is It Worth Investing in Quanta Services, Inc. (NYSE: PWR) Right Now?
Quanta Services, Inc. (NYSE: PWR) has a price-to-earnings ratio that is above its average at 52.38x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PWR is 144.58M, and at present, short sellers hold a 2.66% of that float. On May 10, 2024, the average trading volume of PWR was 921.68K shares.
PWR) stock’s latest price update
The stock price of Quanta Services, Inc. (NYSE: PWR) has surged by 1.96 when compared to previous closing price of 264.98, but the company has seen a 5.95% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Quanta’s (PWR) first-quarter results benefit from strength across its segments, mainly the Electric Power Infrastructure Solutions segment.
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 7.20% 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 -0.66% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.22% upper at present.
During the last 5 trading sessions, PWR rose by +5.95%, which changed the moving average for the period of 200-days by +31.53% in comparison to the 20-day moving average, which settled at $255.72. In addition, Quanta Services, Inc. saw 25.19% 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 0.11. Equity return is now at value 12.94, with 5.19 for asset returns.
Based on Quanta Services, Inc. (PWR), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 6.27.
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 2.0. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To sum up, Quanta Services, Inc. (PWR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
