BMO Capital Markets Forecasts Strong Price Appreciation for Quanta Services (NYSE:PWR) Stock

Quanta Services (NYSE:PWR) had its target price upped by analysts at BMO Capital Markets from $650.00 to $800.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 10.58% from the stock’s previous close.

Other analysts also recently issued research reports about the company. DA Davidson raised their price objective on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Roth Mkm lifted their price target on Quanta Services from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Stifel Nicolaus lifted their price target on Quanta Services from $647.00 to $654.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. TD Cowen raised their price objective on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Truist Financial raised their price objective on Quanta Services from $643.00 to $713.00 and gave the company a “buy” rating in a report on Monday, April 20th. Eighteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.55.

Quanta Services Trading Down 0.6%

Shares of PWR stock traded down $4.33 during trading hours on Friday, reaching $723.44. The company had a trading volume of 102,105 shares, compared to its average volume of 1,089,468. The company has a 50 day moving average of $578.99 and a 200 day moving average of $497.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a market cap of $108.56 billion, a price-to-earnings ratio of 106.92, a P/E/G ratio of 2.85 and a beta of 1.10. Quanta Services has a 1-year low of $315.00 and a 1-year high of $736.55.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. On average, equities research analysts anticipate that Quanta Services will post 11.97 EPS for the current year.

Institutional Investors Weigh In On Quanta Services

Several hedge funds have recently bought and sold shares of PWR. Norges Bank acquired a new stake in Quanta Services during the fourth quarter worth approximately $817,285,000. Bank of America Corp DE lifted its position in Quanta Services by 35.6% during the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock worth $1,208,672,000 after acquiring an additional 765,822 shares during the last quarter. Victory Capital Management Inc. lifted its position in Quanta Services by 35.2% during 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 acquiring an additional 758,862 shares during the last quarter. Corient Private Wealth LLC lifted its position in Quanta Services by 137.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock worth $486,065,000 after acquiring an additional 667,050 shares during the last quarter. Finally, Sands Capital Management LLC acquired a new stake in Quanta Services during the fourth quarter worth approximately $243,485,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services News Summary

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

• Positive Sentiment: Record Q1 results: Quanta reported record Q1 revenue of $7.87B, adjusted EPS $2.68 (GAAP diluted EPS $1.45), strong cash flow and a $48.5B backlog — results the company called “record” and that underpin the bullish reaction. QUANTA SERVICES REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Raised FY‑2026 guidance: Management lifted full‑year EPS guidance to $13.55–$14.25 and raised revenue targets (roughly $34.7B–$35.2B), topping consensus and signaling stronger-than-expected demand and margin prospects. View Press Release / Conference Call
• Positive Sentiment: Record backlog and infrastructure demand: Management and analysts highlighted a record backlog/RPO and sustained infrastructure spending (power, data centers, electrification), supporting multi‑year revenue visibility. This backlog lift was a headline on the earnings call. Quanta Services Lifts Outlook on Record Backlog
• Positive Sentiment: Analyst reaction: At least one firm (Truist) raised its price target after the results, reflecting improved earnings power and supporting further upside in the stock. Truist Raises PT on Quanta Services (PWR) Stock
• Positive Sentiment: Market commentary and momentum: Multiple market outlets note the shares are rallying on the earnings beat, raised outlook and infrastructure tailwinds — reinforcing short‑term buying interest. Quanta Services Shares Rally On Record Infrastructure Demand
• Neutral Sentiment: Earnings call details/transcript: The full call transcript provides color on segment execution, margin drivers, and project cadence — useful for due diligence but not materially new beyond the headline beat and guidance. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and sector write‑ups: Several analyst notes and comparisons (Zacks, The Motley Fool) walk through key metrics and explain why the stock is powering higher this week — helpful context on valuation, risks and competitive positioning. Why Quanta Services Stock Is Powering Higher This Week

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.