Robert W. Baird Forecasts Strong Price Appreciation for Quanta Services (NYSE:PWR) Stock
by Jessica Moore · The Cerbat GemQuanta Services (NYSE:PWR – Get Free Report) had its target price lifted by equities researchers at Robert W. Baird from $606.00 to $777.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective indicates a potential upside of 4.80% from the stock’s previous close.
PWR has been the subject of several other reports. Wolfe Research boosted their price target on Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Jefferies Financial Group boosted their price target on Quanta Services from $634.00 to $654.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Roth Mkm boosted their price target on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. TD Cowen boosted their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Bank of America boosted their target price on Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $650.73.
Get Our Latest Report on Quanta Services
Quanta Services Trading Up 1.9%
Shares of NYSE PWR opened at $741.44 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $578.99 and a two-hundred day simple moving average of $498.07. The firm has a market cap of $111.26 billion, a PE ratio of 101.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. Quanta Services has a twelve month low of $315.00 and a twelve month high of $742.33.
Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.04 by $0.64. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts expect that Quanta Services will post 11.97 earnings per share for the current fiscal year.
Institutional Trading of Quanta Services
Several large investors have recently added to or reduced their stakes in the company. Lewis Asset Management LLC grew its stake in Quanta Services by 2.5% during the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after purchasing an additional 17 shares during the last quarter. Stiles Financial Services Inc grew its stake in Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after purchasing an additional 17 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in Quanta Services by 2.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 917 shares of the construction company’s stock valued at $387,000 after purchasing an additional 20 shares during the last quarter. Quantum Portfolio Management LLC grew its stake in Quanta Services by 2.2% during the 4th quarter. Quantum Portfolio Management LLC now owns 946 shares of the construction company’s stock valued at $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Quanta Services by 1.2% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,733 shares of the construction company’s stock valued at $731,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.
Quanta Services News Roundup
Here are the key news stories impacting Quanta Services this week:
- Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
- Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
- Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
- Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
- Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho
Quanta Services Company Profile
Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.
In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.