In the last three months, 14 analysts have published ratings on MasTec MTZ, offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 3 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 3 | 2 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $92.36, a high estimate of $106.00, and a low estimate of $61.00. This current average reflects an increase of 22.25% from the previous average price target of $75.55.
Exploring Analyst Ratings: An In-Depth Overview
The standing of MasTec among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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 | $104.00 | $99.00 |
| Jamie Cook | Truist Securities | Announces | Hold | $96.00 | - |
| Alex Rygiel | B. Riley Securities | Raises | Buy | $104.00 | $83.00 |
| Adam Seiden | Barclays | Raises | Overweight | $106.00 | $55.00 |
| Brent Thielman | DA Davidson | Raises | Buy | $100.00 | $70.00 |
| Brent Thielman | DA Davidson | Maintains | Buy | $70.00 | - |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $99.00 | $74.00 |
| Christian Schwab | Craig-Hallum | Announces | Buy | $96.00 | - |
| Marc Bianchi | TD Cowen | Raises | Outperform | $105.00 | $85.00 |
| Andrew Wittmann | Baird | Raises | Neutral | $89.00 | $70.00 |
| Sangita Jain | Keybanc | Raises | Overweight | $97.00 | $92.00 |
| Neil Mehta | Goldman Sachs | Raises | Neutral | $61.00 | $54.00 |
| Steven Fisher | UBS | Raises | Buy | $92.00 | $89.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $74.00 | $60.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MasTec. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of MasTec compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MasTec's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of MasTec's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on MasTec analyst ratings.
All You Need to Know 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: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, MasTec showcased positive performance, achieving a revenue growth rate of 9.03% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower 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 0.02%, the company may face hurdles in effective cost management.
Return on Equity (ROE): MasTec's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.03%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.01%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.29, MasTec faces challenges in effectively managing its debt levels, indicating potential financial strain.
How Are Analyst Ratings Determined?
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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.
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