A look at its monthly performance shows that Quanta Services, Inc. (NYSE:PWR) has recorded a 12.92% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 14.19% and is now up by 31.26% since start of this year. The equity price rose 4.69% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 26.76% over the past three months which led to its overall six-month increase to stand at 17.34%.
The shares of Quanta Services, Inc. (PWR) advanced by 0.56% or -$-0.22 from its last recorded high of $39.29 which it attained on May 04 to close at $39.51 per share. Over the past 52 weeks, the shares of Quanta Services, Inc. has been trading as low as $27.9 before witnessing a massive surge by 41.61% or $11.61. This price movement has led to the PWR stock receiving more attention and has become one to watch out for. It jumped by 1.02% on Sunday and this got the market excited. The stock’s beta now stands at 1.05 and when compared to its 200-day moving average and its 50-day moving average, PWR price stands 16.67% above and 9.39% above respectively. Its average daily volatility for this week is 1.51% which is less than the 1.64% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Quanta Services, Inc. with most of them predicting a $44.25 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12% rise in the stock and would lead to PWR’s market cap to surge to $6.21B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 13 analysts that track Quanta Services, Inc. (NYSE:PWR) and find out that 2 of them rated it as a Hold. 11 of the 11 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at PWR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 77.66 point. Its trading volume has lost -80231 shares compared to readings over the past three months as it recently exchanged 1369769 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1450000 shares, and this is 0.94 times the normal volume.
The price of Axalta Coating Systems Ltd. (NYSE:AXTA) currently stands at $26.68 after it went up by $0.57 or 2.18% and has found a strong support at $26.28 a share. If the AXTA price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $25.89 mark would also be bad for the stock as it means that the stock would plunge by 2.96% from its current position. However, if the stock price is able to trade above the resistance point around $26.9, then it could likely surge higher to try and break the upward resistance which stands at $27.13 a share. Its average daily volatility over the past one month stands at 1.65%. The stock has plunged by 2.14% from its 52-weeks high of $26.11 which it reached on Apr. 16, 2018. In general, it is 19.12% above its 52-weeks lowest point which stands at $21.58 and this setback was observed on Dec. 18, 2018.
Analysts have predicted a price target for Axalta Coating Systems Ltd. (AXTA) for 1 year and it stands at an average $30.11/share. This means that it would likely increase by 12.86% from its current position. The current price of the stock has been moving between $26.11 and $26.73. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $27. On the other hand, one analyst is super bullish about the price, setting a target as high as $34.
The AXTA stock Stochastic Oscillator (%D) is at 89.12%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.34 which compares to the 2.31 recorded by the industry or the 2.88 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 17.31, which is lower than the 33.39 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 23.1% over the past five years.
Analysts view Axalta Coating Systems Ltd. (NYSE:AXTA) as a Hold, with 2.3 consensus rating. Reuters surveyed 16 analysts that follow AXTA and found that 6 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Axalta Coating Systems Ltd. (AXTA) shares or sell it if they already own it.
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