Throughout the last three months, 8 analysts have evaluated MasTec MTZ, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $69.75, a high estimate of $92.00, and a low estimate of $54.00. A decline of 15.35% from the prior average price target is evident in the current average.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of MasTec by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Kaplowitz | Citigroup | Raises | Buy | $74.00 | $60.00 |
| Andrew Wittmann | Baird | Raises | Neutral | $75.00 | $57.00 |
| Sangita Jain | Keybanc | Announces | Overweight | $92.00 | - |
| Stanley Elliott | Stifel | Raises | Buy | $84.00 | $70.00 |
| Stanley Elliott | Stifel | Announces | Buy | $70.00 | - |
| Neil Mehta | Goldman Sachs | Lowers | Neutral | $54.00 | $119.00 |
| Neil Mehta | Goldman Sachs | Announces | Neutral | $54.00 | - |
| Adam Seiden | Barclays | Lowers | Overweight | $55.00 | $106.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MasTec. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MasTec compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for MasTec's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MasTec's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on MasTec analyst ratings.
About MasTec
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.
Key Indicators: MasTec's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: MasTec displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 29.58%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: MasTec's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 0.44%, the company may face hurdles in effective cost management.
Return on Equity (ROE): MasTec's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.53%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): MasTec's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.15%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.34, MasTec faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
