Truist cuts target for Quanta Services stock to USD 945.00
Published on 10/13/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and results date
- On October 5, 2026, Truist lowered its Quanta Services target from USD 976.00 to USD 945.00.
- Quanta Services will release third-quarter 2026 results on October 29, 2026, before the market opens.
- Quanta Services stock costs EUR 602.80 at Lang & Schwarz on October 13, 2026 at 7:09 p.m. CEST, down 4.95 percent versus the Tradegate close of October 12, 2026.
- Quanta Services has a P/E ratio of 77.38 and a market capitalization of USD 101.5 billion.
Truist analyst Jamie Cook lowered the Quanta Services target from USD 976.00 to USD 945.00 on October 5, 2026, while keeping a Buy rating, Markets Insider reported. The new target lies 39.92 percent above the USD 675.41 Quanta Services price on the NYSE at 11:18 a.m. ET on October 13, 2026. Quanta Services stock was trading at EUR 602.80 at Lang & Schwarz on October 13, 2026 at 5:09 p.m. CEST, down 4.95 percent versus the Tradegate close of EUR 634.20 on October 12, 2026.
Results arrive October 29
Quanta Services will release its third-quarter 2026 financial results before the market opens on October 29, 2026. The company also scheduled a webcast for 9:00 a.m. ET that day, according to FT. That date gives the analyst target a near-term test, because the report will update expectations for power, data-center and utility infrastructure demand.
Stock remains below its yearly high
On the NYSE, Quanta Services last traded at USD 675.41 on October 13, 2026 at 11:18 a.m. ET, down 2.79 percent from the previous USD 694.79. The primary-exchange 52-week range was USD 404.51 to USD 788.75, placing the quote 14.37 percent below the high. Trading volume was 236,947 shares against an average volume of 1,012,634 shares.
The separate euro quotation moved lower than the Tradegate close used for the German investor comparison. The different currencies and venues make the NYSE price and the Lang & Schwarz price separate observations rather than one combined daily move.
Valuation meets the earnings date
Quanta Services had a market capitalization of USD 101.5 billion and a P/E ratio of 77.38 on October 13, 2026. The valuation leaves the October 29 report as the next concrete point for testing whether projected infrastructure demand supports the current earnings multiple.
Comparison with peers
Quanta Services: minus 4.95 percent, P/E 77.38, market capitalization USD 101.5 billion
MasTec (NYSE, USD): minus 1.83 percent, P/E 32.41, market capitalization USD 16.3 billion
EMCOR Group (NYSE, USD): minus 2.12 percent, P/E 23.75, market capitalization USD 33.6 billion
Trading levels and next date
Quanta Services stock was trading at EUR 602.80 at Lang & Schwarz on October 13, 2026 at 5:09 p.m. CEST, down 4.95 percent versus the Tradegate close of October 12, 2026 at EUR 634.20. The further course of trading is shown by the continuously updated real-time quote of Quanta Services stock.
Quanta Services stock facts
- Company: Quanta Services, Inc.
- ISIN: US74762E1029
- Ticker: PWR
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 5:09 p.m. CEST): EUR 602.80
- Change versus Tradegate close: minus 4.95 percent
- Tradegate close (October 12, 2026): EUR 634.20
- Market capitalization: USD 101.5 billion (as of October 13, 2026)
- 52-week range: USD 404.51-788.75 (as of October 13, 2026)
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
