Quanta Services (NYSE:PWR) Given New $654.00 Price Target at Jefferies Financial Group

Quanta Services (NYSE:PWR) had its target price hoisted by Jefferies Financial Group from $634.00 to $654.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s target price points to a potential upside of 18.02% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Truist Financial restated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Cantor Fitzgerald upped their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Mizuho lifted their price objective on Quanta Services from $537.00 to $580.00 and gave the company a “neutral” rating in a report on Monday. Finally, Argus upped their target price on shares of Quanta Services from $540.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.23.

Quanta Services Trading Down 1.1%

PWR stock opened at $554.15 on Thursday. Quanta Services has a 1-year low of $227.08 and a 1-year high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $534.88 and its 200-day moving average is $469.53. The firm has a market cap of $82.91 billion, a P/E ratio of 81.36, a P/E/G ratio of 2.49 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. Quanta Services’s quarterly revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Equities analysts anticipate that Quanta Services will post 9.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quanta Services

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $817,285,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the last quarter. Bank of America Corp DE lifted its position in Quanta Services by 35.6% in the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after buying an additional 765,822 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after buying an additional 758,862 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after buying an additional 667,050 shares during the period. 90.49% of the stock is owned by institutional investors.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Evercore raised its price target to $635 and kept an Outperform rating, giving the stock meaningful upside versus where it opened today — a clear analyst catalyst supporting further gains. Read More.
• Positive Sentiment: Feature articles highlight Quanta as a multi-decade infrastructure/reelectrification trade and a leader in U.S. reindustrialization, reinforcing the long-term demand story for transmission, distribution and grid upgrades. Read More.
• Positive Sentiment: Analysts and coverage pieces are emphasizing data centers and AI-driven power demand as a growing core for Quanta, citing strong 2025 results, $28.5B revenue and a record backlog near $44B — a near-term demand tailwind. Read More.
• Positive Sentiment: Mizuho and other outlets note bullish analyst commentary expecting the stock to rise, adding to short-term buying interest from institutional coverage. Read More.
• Neutral Sentiment: The company hosted Analyst/Investor Day; slides and transcripts were published — useful for modeling backlog conversion, margin trajectory and capex exposure but not a single decisive datapoint. Investors should review the transcript and slideshow for guidance color. Read More. Read More.
• Neutral Sentiment: Market summaries note recent intraday gains but also that PWR has sometimes lagged broader indices; useful context for relative-performance traders. Read More. Read More.
• Negative Sentiment: Sanford C. Bernstein raised its target to $538 but that level is below the current price, signaling a more conservative view and supplying potential resistance or selling pressure from some investors. Read More.

About Quanta Services

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.