Quanta Services (NYSE:PWR) has been receiving a lot of attention recently, as it undergoes various changes. Steward Partners Investment Advisory LLC and TD Asset Management have added
966 shares and more respectively to their holdings. Expectations for
Quanta Services' (PWR) Q2 Earnings are high, along with Q4 earnings and revenues surpassing estimates. However, concerns about debt usage have been raised, with some analysts believing that it may impact the company's financial health. Nevertheless, the vast majority of market experts view it as a
strong long-term stock for growth. While the stock has underperformed in comparison to competitors on certain days, it generally outperforms on strong trading days.
Analysts have consistently increased the company's
Price Target, most recently raising it to
$310.00 by Argus and
$286.00 by The Goldman Sachs Group. Two new independent directors have been elected to Quanta's board. However, insiders have sold $71 million worth of stock, which may indicate caution. Quanta Services has also surpassed Q1 revenue expectations and raised its
Full-Year Guidance. Lastly, Quanta's
financials appear robust, driving its recent rally despite a premium valuation, marking it as a fairly valued gem in the construction industry.
Quanta Services PWR News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 16:32:57 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -4
