In recent trading, shares of Quanta Services, Inc. (Symbol: PWR) have exceeded the average 12-month target price set by analysts, currently selling for $332.34 per share compared to the target of $332.19. When a stock reaches its target price, analysts face two choices: downgrade the stock due to valuation concerns or raise their target based on positive trends. The decision often hinges on the company’s underlying business developments; if the outlook improves, increasing the target price may be warranted.
There are 16 different analyst targets included in the Zacks coverage for Quanta Services, Inc. While the average target of $332.19 represents a collective insight, individual analysts present a range of opinions. One analyst has set a target as low as $295.00, while another forecasts as high as $367.00. The standard deviation in their projections stands at $20.245, indicating some variability in expectations.
Examining the average target price serves to illustrate the “wisdom of crowds,” where numerous analysts contribute their perspectives to form a broader view rather than relying on a single expert opinion. With PWR surpassing the average target price of $332.19, investors now face an important question: Is this milestone a sign of further growth, or is it time to assess whether the stock price has risen too quickly? The table below captures the current stance of analysts covering Quanta Services, Inc.
| Recent PWR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 13 | 13 | 13 | 12 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 4 | 3 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.47 | 1.47 | 1.38 | 1.29 |
The average rating in the table above employs a scale from 1 to 5, where 1 indicates a Strong Buy and 5 a Strong Sell. This data was based on research from Zacks Investment Research via Quandl.com.
10 ETFs With Most Upside To Analyst Targets »
Additional Resources:
• ESS DMA
• CMCT shares outstanding history
• Computers IPOs
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
