Stock Rating Downgrade
The Value Trend Rating for Quanta Services Inc. (NYSE: PWR) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Quanta Services Inc. (NYSE: PWR) stock closed at $262.26 on 4/8/24 after a slight decline of -0.4%. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PWR is expected to continue to be a major Value Builder.
Quanta Services has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Quanta Services has a slightly negative Appreciation Score of 35 but a very high Power Rating of 90, resulting in the High Neutral Value Trend Rating.
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