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The closing price of Quanta Services, Inc. (NYSE: PWR) was $257.24 for the day, down -4.30% from the previous closing price of $268.81. In other words, the price has decreased by -$4.30 from its previous closing price. On the day, 1.26 million shares were traded. PWR stock price reached its highest trading level at $266.905 during the session, while it also had its lowest trading level at $256.87.
Ratios:
Our analysis of PWR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 70.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on March 14, 2024, initiated with a Buy rating and assigned the stock a target price of $301.
On February 27, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $205 to $270.
On February 13, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $237.Evercore ISI initiated its Outperform rating on February 13, 2024, with a $237 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 27 ’24 when WAYNE DONALD sold 1,101 shares for $261.94 per share. The transaction valued at 288,396 led to the insider holds 40,065 shares of the business.
WAYNE DONALD sold 595 shares of PWR for $142,568 on Mar 12 ’24. The EVP and General Counsel now owns 41,954 shares after completing the transaction at $239.61 per share. On Mar 05 ’24, another insider, WAYNE DONALD, who serves as the EVP and General Counsel of the company, sold 904 shares for $241.81 each. As a result, the insider received 218,596 and left with 43,225 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PWR now has a Market Capitalization of 37656846336 and an Enterprise Value of 42836733952. As of this moment, Quanta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.87, and their Forward P/E ratio for the next fiscal year is 26.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 5.92. Its current Enterprise Value per Revenue stands at 1.994 whereas that against EBITDA is 24.482.
Stock Price History:
The Beta on a monthly basis for PWR is 1.03, which has changed by 0.346676 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, PWR has reached a high of $286.87, while it has fallen to a 52-week low of $153.74. The 50-Day Moving Average of the stock is -3.94%, while the 200-Day Moving Average is calculated to be 14.63%.
Shares Statistics:
PWR traded an average of 928.72K shares per day over the past three months and 912000 shares per day over the past ten days. A total of 145.51M shares are outstanding, with a floating share count of 144.55M. Insiders hold about 1.26% of the company’s shares, while institutions hold 90.61% stake in the company. Shares short for PWR as of 1719532800 were 4541802 with a Short Ratio of 4.89, compared to 1717113600 on 4110384. Therefore, it implies a Short% of Shares Outstanding of 4541802 and a Short% of Float of 3.53.
Dividends & Splits
With its trailing 12-month dividend rate of 0.34, PWR has a forward annual dividend rate of 0.35. Against a Trailing Annual Dividend Yield of 0.001264834The stock’s 5-year Average Dividend Yield is 0.26. The current Payout Ratio is 6.59% for PWR, which recently paid a dividend on 2024-07-01 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2000-04-10 when the company split stock in a 3:2 ratio.
