Quanta Services Inc.'s impressive performance within the market has led to its consistent categorization as a top growth stock for the long-term, frequently outperforming competitors. In the recent quarter one 2024, the company reported robust results beating estimates, with shares soaring to a new 52-week high at $274. This growth has attracted significant investments with organizations such as Boston Partners and Foundation Investment Advisors LLC increasing their positions. Yet, Franklin Resources Inc. and the Teacher Retirement System of Texas have notably decreased their stake. Quanta Services has also been quite proactive, participating in institutional investor conferences and announcing a regular cash dividend, indicating a strong financial status. As the company continues to grow, it has secured a Buy rating from Truist Financial while other analysts have raised their price target to $288. However, some opinions still express caution, citing a potential overvaluation despite promising prospects.
Quanta Services PWR News Analytics from Mon, 25 Sep 2023 07:00:00 GMT to Wed, 22 May 2024 20:57:00 GMT -
Innovation 5
- Information 6
