Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.200 on Quanta Services, Inc. (NYSE:PWR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.550 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Quanta Services, Inc. (NYSE:PWR) stands at 17.111.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Quanta Services, Inc. Common St, the PEG ratio for coming 3-5 years is 0.910.
The technical analysis highlights that Quanta Services, Inc. Common St current is trading $-0.219 points away or -0.858% from its 50-day moving average of $25.544. Further it is trading $1.777 or +7.546% away its 200-day moving average of $23.548.
The 52-week high of Quanta Services, Inc. (NYSE:PWR) was $27.050 while lowest point recorded in 52-week was $16.770. It implies if stock price makes a movement of over $-1.725, it will record a new 52-week high. In the case of +51.014% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know