Last Updated: 19 Sep 2024
Executive Summary
Quanta Services Inc. (PWR) is a leading provider of infrastructure services for the electric power, pipeline, industrial, and communications industries. With a market capitalization of $40.08 billion, PWR has a solid financial position and is well-positioned for growth in the coming years.
Company Overview
PWR provides a wide range of services, including planning, design, installation, program management, maintenance, and repair of network infrastructure. The company has a strong track record of success and has been recognized for its commitment to safety and quality. PWR operates in all 50 states and has a global presence in over 20 countries.
Fundamental Analysis
PWR's financial performance has been strong in recent years. The company has consistently reported positive earnings and revenue growth. In 2023, PWR reported revenue of $22.03 billion and diluted EPS of $5.31. The company's profit margin and operating margin are both above industry average.
PWR has a strong balance sheet with low debt levels and ample liquidity. The company's return on assets and return on equity are both above industry average.
Technical Analysis
PWR's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is in the overbought territory, which suggests that the stock may be due for a pullback.
Short Term Outlook
In the short term, PWR's stock price may experience some volatility. However, the company's strong fundamentals and positive technical outlook suggest that the stock is likely to continue to trend higher.
Long Term Outlook
In the long term, PWR is well-positioned for growth. The company's strong market position, diverse service offerings, and commitment to innovation will continue to drive growth in the years to come.
Analyst Recommendations
The majority of analysts have a positive outlook on PWR. Six analysts have a "Strong Buy" rating on the stock, while 10 have a "Buy" rating. Four analysts have a "Hold" rating, and none have a "Sell" or "Strong Sell" rating. The average analyst target price is $289.25.
