Stifel Nicolaus Sticks to Its Buy Rating for Quanta Services (PWR)

In a report released yesterday, Brian Brophy from Stifel Nicolaus maintained a Buy rating on Quanta Services (PWR – Research Report), with a price target of $343.00. The company’s shares closed yesterday at $314.62.

According to TipRanks, Brophy is a 4-star analyst with an average return of 26.1% and a 78.26% success rate. Brophy covers the Industrials sector, focusing on stocks such as MasTec, MYR Group, and Quanta Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Quanta Services with a $327.69 average price target, representing a 4.15% upside. In a report released on November 1, Northland Securities also reiterated a Buy rating on the stock with a $328.00 price target.

PWR market cap is currently $44.92B and has a P/E ratio of 56.23.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PWR in relation to earlier this year. Most recently, in August 2024, Karl W Studer, the President of PWR sold 23,357.00 shares for a total of $6,318,340.91.

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Quanta Services (PWR) Company Description:

Quanta Services, Inc. engages in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. It also focuses on the design, installation, upgrade, repair, and maintenance of infrastructure within each of the industries it serves. It operates through the Electric Power Infrastructure Services, and Pipeline and Industrial Infrastructure Services segment. The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. The Pipeline and Industrial Infrastructure Services segment offers infrastructure solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse and John R. Colson on August 19, 1997 and is headquartered in Houston, TX.