MasTec MTZ has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 6 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 5 | 3 | 1 | 0 | 0 |
Analysts have recently evaluated MasTec and provided 12-month price targets. The average target is $106.81, accompanied by a high estimate of $130.00 and a low estimate of $70.00. This upward trend is evident, with the current average reflecting a 17.15% increase from the previous average price target of $91.17.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of MasTec among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| Sangita Jain | Keybanc | Raises | Overweight | $120.00 | $113.00 |
| Brent Thielman | DA Davidson | Raises | Buy | $120.00 | $100.00 |
| Stanley Elliott | Stifel | Raises | Buy | $120.00 | $100.00 |
| Alex Rygiel | B. Riley Securities | Raises | Buy | $120.00 | $104.00 |
| Christian Schwab | Craig-Hallum | Raises | Buy | $125.00 | $96.00 |
| Marc Bianchi | TD Cowen | Raises | Buy | $110.00 | $105.00 |
| Adam Seiden | Barclays | Raises | Overweight | $130.00 | $106.00 |
| Sangita Jain | Keybanc | Raises | Overweight | $113.00 | $104.00 |
| Jamie Cook | Truist Securities | Raises | Hold | $109.00 | $96.00 |
| Andrew Wittmann | Baird | Raises | Neutral | $110.00 | $89.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MasTec. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MasTec compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of MasTec's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into MasTec's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on MasTec analyst ratings.
Discovering MasTec: A Closer Look
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.
A Deep Dive into MasTec's Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining MasTec's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.95% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: MasTec's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -1.53%, 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 -1.53%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): MasTec's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.45%, the company may face hurdles in achieving optimal financial performance.
Debt Management: MasTec's debt-to-equity ratio stands notably higher than the industry average, reaching 1.18. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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