Quanta Services stock saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 93 the day before. The construction services contractor has a 90 Relative Strength Rating.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
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Is Quanta Services Stock A Buy?
Quanta Services stock is currently forming a consolidation, with a 124.79 entry. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The stock has a 90 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the construction firm reported 26% EPS growth. Sales growth climbed 35%, up from 11% in the prior quarter. That marks one quarter of accelerating revenue increases.
Quanta Services stock earns the No. 3 rank among its peers in the Building-Heavy Construction industry group. Sterling Construction is the No. 1-ranked stock within the group.
