In the latest quarter, 13 analysts provided ratings for MasTec MTZ, showcasing a mix of bullish and bearish perspectives.
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 | 2 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 6 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $151.15, with a high estimate of $173.00 and a low estimate of $130.00. Observing a 19.41% increase, the current average has risen from the previous average price target of $126.58.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive MasTec is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brian Brophy | Stifel | Raises | Buy | $155.00 | $153.00 |
| Alex Rygiel | B. Riley Securities | Raises | Buy | $166.00 | $151.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $173.00 | $133.00 |
| Christian Schwab | Craig-Hallum | Raises | Buy | $150.00 | $125.00 |
| Marc Bianchi | TD Cowen | Raises | Buy | $160.00 | $115.00 |
| Andrew Wittmann | Baird | Raises | Neutral | $153.00 | $120.00 |
| Steven Fisher | UBS | Raises | Buy | $147.00 | $129.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $150.00 | $122.00 |
| Brian Brophy | Stifel | Raises | Buy | $150.00 | $121.00 |
| Jamie Cook | Truist Securities | Raises | Hold | $133.00 | $112.00 |
| Neil Mehta | Goldman Sachs | Raises | Neutral | $130.00 | $115.00 |
| Sangita Jain | Keybanc | Raises | Overweight | $145.00 | $123.00 |
| Drew Chamberlain | JP Morgan | Announces | Overweight | $153.00 | - |
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: 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.
To gain a panoramic view of MasTec's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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: communications; clean energy and infrastructure; oil and gas; power delivery; and 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.
Negative Revenue Trend: Examining MasTec's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -0.14% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: MasTec's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 2.93%, 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 3.45%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): MasTec's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.09%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.97, MasTec faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
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.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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