Quanta Services (PWR) has been undergoing various fluctuations in the market. Some
analysts have given it a new price target at $399.00, envisaging a strong long-term growth despite valuation concerns. Yet, compared to its competitors, the stock underperformed on Wednesday. The company has continuously announced dividends and recently reported its
3rd Quarter 2024 results and a
price target raise. Amid the market speculation,
brokers have set PWR's price at $324.25. Notably, an investment in the company five years ago would have yielded a 735% gain.
Synovus Financial Corp and State Street Corp bought large shares while other management groups have sold. Various factors are suggesting it's a strong momentum stock offering a robust growth ahead, strengthening QSR's case further. While it ascends, it still remains behind the market, though it has huge potential for long-term growth. Despite insiders selling off a significant amount of stock, the market appears to penalize PWR, indicating potential future weakness. The company has an exciting prospect with massive returns over the last few years and remains profitable amidst overall market fluctuations.
Quanta Services PWR News Analytics from Thu, 02 May 2024 07:00:00 GMT to Fri, 20 Dec 2024 08:06:15 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -3
