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Quanta Services (PWR) Receives a Buy from Truist Financial

Tipranks - Tipranks - Sat Feb 21, 6:44AM CST

Truist Financial analyst Jamie Cook reiterated a Buy rating on Quanta Services today and set a price target of $643.00.

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Cook covers the Industrials sector, focusing on stocks such as Agco, Jacobs Solutions, and Aecom Technology. According to TipRanks, Cook has an average return of 17.5% and a 70.99% success rate on recommended stocks.

In addition to Truist Financial, Quanta Services also received a Buy from TipRanks – OpenAI’s OpenAI Engineering and Construction in a report issued today. However, on the same day, TipRanks – Anthropic downgraded Quanta Services (NYSE: PWR) to a Hold.

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Based on Quanta Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.97 billion and a net profit of $315.45 million. In comparison, last year the company earned a revenue of $6.55 billion and had a net profit of $305.12 million

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