As of Friday close, Quanta Services Inc.’s (NYSE:PWR) stock was up $2.66, moving up 1.33 percent to $203.07. The average number of shares traded per day over the past five days has been 646,100 shares. 3 times new highs have been achieved over the past 5 days, with a $2.90 gain in that time frame. In the last twenty days, the average volume was 763,145, while in the previous 50 days, it was 766,644.
Since last month, PWR stock rose 1.55%. Shares of the company fell to $194.00 on 08/03/23, the lowest level in the past month. A 52-week high of $206.43 was reached on 07/25/23 after having rallying from a 52-week low of $123.25. Since the beginning of this year, PWR’s stock price has risen by 42.51% or $60.57, and marked a new high 37 times. However, the stock has declined by -1.63% since its 52-week high.
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Sponsored
PWR stock investors should be aware that Quanta Services Inc. (PWR) stock had its last reported insider trading activity 73 days ago on Jun 07. Upperman Dorothy, the VP Tax of the company, disposed of 4,074 shares for $183.87 on Jun 07. It resulted in a $749,073 divestment by the insider. FRIED BERNARD sold 8,000 shares at an average price of $179.84 on Jun 02. The insider now owns 9,372 shares following the transaction. On Jun 01, Director Jackman Worthing F sold 7,500 shares at $177.11 apiece. The transaction was valued at $1,328,359.
Valuation Metrics
Right now, Quanta Services Inc. (PWR) has a P/E ratio of about 51.92. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 5.16, and the price-to-cash flow ratio of 41.67 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Tuesday December 13 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Quanta Services Inc.’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.74, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 14.50% percent. In the year ended June 29, EBITDA margin amounted to 9.37%, whereas operating margins totaled 5.20%. Based on annual data, PWR earned $2.53 billion in gross profit and brought in $17.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 10.60%.
In Quanta Services Inc.’s quarter-end financial report for June 29, it reported total debt of $4.22 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PWR’s revenue rose 16.17% to $4.43 billion during the quarter, while net income inched up to $5.05 billion. While analysts expected Quanta Services Inc. to report $1.63 quarterly earnings, the actual figure was $1.65 per share, beating the consensus estimate by 1.20%. During the quarter, the company generated $421.05 million in EBITDA. The liabilities of Quanta Services Inc. were 9.01 billion at the end of its most recent quarter ended June 29, and its total debt was $4.52 billion. The value of shareholders’ equity is $145.2 million.
Technical Picture
This quick technical analysis looks at Quanta Services Inc.’s (PWR) price momentum. With a historical volatility rate of 15.39%, the RSI 9-day stood at 56.35% on 18 August.
With respect to its five-day moving average, the current Quanta Services Inc. price is up by +1.45% percent or $2.90. At present, PWR shares trade +0.78% above its 20-day simple moving average and +25.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.41% above its SMA50 and +42.97% above its SMA200.
Stochastic coefficient K was 68.66% and Stochastic coefficient D was 71.64%, while ATR was 3.83. Given the Stochastic reading of 83.97% for the 14-day period, the RSI (14) reading has been calculated as 57.28%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.56.
Analyst Ratings
Cowen reiterated its an Outperform rating on Quanta Services Inc. (NYSE: PWR) in a note to investors. The analysts firm has however raised their price target to $165, representing a possible -31.01% increase in the stock price. Quanta Services Inc. (PWR) has been rated Overweight by analysts. According to 0 brokerage firms, PWR is a sell, and 4 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 2 analysts rate Quanta Services Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $224.00, the current consensus forecast for the stock is $185.00 – $238.00. Based on these forecasts, analysts predict Quanta Services Inc. (PWR) will achieve an average price target of $220.60.
