Quanta Services Intrinsic Value – Quanta Services Receives Price Target Increase to $335.00 from TD Cowen at Defense World
October 24, 2024
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Quanta Services ($NYSE:PWR) is a leading provider of specialty contracting services, offering comprehensive solutions for the energy, utility, and telecommunications industries. The company has a strong track record of delivering high-quality services to its clients, resulting in consistent growth and profitability. As a result, Quanta Services’ stock has been a favorite among investors, with its consistent performance and potential for future growth. In recent news, it has been reported by Defense World that TD Cowen has raised Quanta Services’ price target to $335.00. This price target increase reflects the firm’s confidence in the company’s performance and potential for future growth. TD Cowen’s decision to raise Quanta Services’ price target is based on the company’s strong financial performance and positive outlook. This impressive growth can be attributed to the company’s strategic focus on diversification and efficiency, as well as its strong leadership team.
This backlog provides a strong foundation for future growth and ensures a steady stream of revenue for the company. In addition to its solid financials and strong project pipeline, Quanta Services is well-positioned to benefit from the ongoing shift towards cleaner and renewable sources of energy. The company has already established itself as a leader in renewable energy infrastructure projects and continues to expand its capabilities in this area. Overall, Quanta Services’ performance and potential for future growth make it a promising investment option. The increase in price target by TD Cowen further solidifies this sentiment and reflects the company’s strong position in the market. Investors looking for a solid and reliable stock in the specialty contracting industry should consider adding Quanta Services to their portfolio.
Stock Price
Quanta Services, a leading provider of specialty contracting services to the energy, telecommunications, and industrial sectors, received positive news on Friday as TD Cowen raised its price target for the company to $335.00. The stock opened at $314.1 and closed at $314.27, showing a modest increase of 0.36% from the previous closing price of $313.14. This indicates a strong level of support for the company’s stock and reflects investor confidence in its future growth potential. Furthermore, Quanta Services has a solid track record of delivering strong financial results and has consistently outperformed its industry peers. This has led to an overall positive sentiment towards the company among investors, which is reflected in its current stock price and the increase in its price target.
The new price target of $335.00 set by TD Cowen implies further upside potential for Quanta Services’ stock, which has already seen significant growth over the past year. With a strong pipeline of projects and a solid financial foundation, the company is well-positioned to continue its upward trajectory and deliver value to its shareholders. With its proven track record and positive outlook, it is no surprise that the stock is receiving attention from investors and analysts alike. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Quanta Services. More…
| Total Revenues | Net Income | Net Margin |
| 20.88k | 744.69 | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Quanta Services. More…
| Operations | Investing | Financing |
| 1.16k | -617.19 | -311.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Quanta Services. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.24k | 9.95k | 43.17 |
Key Ratios Snapshot
Some of the financial key ratios for Quanta Services are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.1% | 21.5% | 5.5% |
| FCF Margin | ROE | ROA |
| 3.5% | 11.8% | 4.5% |
Analysis – Quanta Services Intrinsic Value
As I analyzed the financials of QUANTA SERVICES, I found that the company is performing well in terms of revenue and profitability. This is a positive sign for investors as it shows that the company is able to generate consistent and sustainable revenue. This indicates that the company is efficiently managing its costs and is able to generate profits from its operations. As for the stock valuation, my calculations using our proprietary Valuation Line show that the fair value of QUANTA SERVICES share is around $179.3. However, currently, the stock is trading at $314.27, which indicates that it is overvalued by 75.3%. This means that investors may be paying more than what the stock is actually worth. In conclusion, while QUANTA SERVICES has been performing well financially, the current stock price seems to be inflated. As an investor, it is important to carefully consider the valuation of a stock before making any investment decisions. More…
Peers
The company competes with MasTec Inc, Infrastructure and Energy Alternatives Inc, Assystem SA, and other companies in the infrastructure services market. Quanta Services Inc. has a strong market position and offers a variety of services to its customers. The company is well-positioned to compete in the infrastructure services market.
– MasTec Inc ($NYSE:MTZ)
MasTec Inc is a diversified infrastructure construction company with operations in the United States, Canada, and the Caribbean. The company has a market capitalization of $6.13 billion as of 2022 and a return on equity of 6.63%. MasTec’s operations are focused on the construction and engineering of energy, industrial, and commercial infrastructure. The company’s energy infrastructure segment includes the construction of oil and gas pipelines, power generation facilities, and renewable energy projects. The industrial infrastructure segment includes the construction of manufacturing plants, warehouses, and distribution centers. The commercial infrastructure segment includes the construction of office buildings, retail centers, and hotels.
– Infrastructure and Energy Alternatives Inc ($NASDAQ:IEA)
Assystem SA is a French engineering company. The company has a market cap of 551.96M as of 2022 and a Return on Equity of 8.74%. The company provides engineering and consulting services to the aerospace, defense, nuclear, and oil and gas industries.
Summary
TD Cowen has increased their price target for Quanta Services to $335.00, indicating their confidence in the company’s potential for growth. Additionally, Quanta Services has a strong track record of winning large contracts, positioning them for continued success in the future. With its focus on the energy sector and growing demand for infrastructure development, Quanta Services is seen as a solid investment opportunity for those looking to capitalize on the ongoing economic recovery.
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