MasTec MTZ has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives 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 | 8 | 3 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 5 | 3 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $119.43, a high estimate of $132.00, and a low estimate of $109.00. Marking an increase of 13.67%, the current average surpasses the previous average price target of $105.07.
Analyzing Analyst Ratings: A Detailed Breakdown
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 | $122.00 | $118.00 |
| Alex Rygiel | B. Riley Securities | Maintains | Buy | $132.00 | $132.00 |
| Alex Rygiel | B. Riley Securities | Raises | Buy | $132.00 | $120.00 |
| Neil Mehta | Goldman Sachs | Raises | Neutral | $109.00 | $88.00 |
| 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 |
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 a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.
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.
Unveiling the Story Behind 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.
MasTec's Economic Impact: An Analysis
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, MasTec showcased positive performance, achieving a revenue growth rate of 3.95% as of 31 March, 2024. 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -1.53%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MasTec's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.53%, the company may face hurdles in achieving optimal financial returns.
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 is notably higher than the industry average. With a ratio of 1.18, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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