Analysts have provided the following ratings for MasTec MTZ within the last quarter:

Gain insights into the future projections for MasTec by 9 analysts over the next 12 months. The anticipated average price target is $78.67, with a high estimate of $106.00 and a low estimate of $54.00.

Review how 9 analysts assessed MasTec in the last 3 months. A higher number of bullish ratings suggests a positive analyst sentiment, while bearish ratings indicate a negative outlook.

Highlighting a 27.38% decrease, the current average has fallen from the previous average price target of $108.33.

Understanding Analyst Ratings: A Comprehensive Breakdown

Discover the analyses of financial experts and analysts, gaining insights into their recent evaluations for MasTec. Our Ratings Table below provides a detailed overview of the actions taken by key analysts, their current ratings, and price targets. Grasping the perspectives of these experts on the company can unveil valuable insights into potential market trends and investor sentiment.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MasTec. This information provides 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: Understanding forecasts, analysts offer estimates for MasTec's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of MasTec's market standing. Stay informed and make data-driven decisions with 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.

Financial Milestones: MasTec's Journey

Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

Revenue Growth: MasTec's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 29.58%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.

Net Margin: MasTec's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.44%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): MasTec's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.53%, the company may face hurdles in generating optimal returns for shareholders.

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: MasTec's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.34, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

What Are Analyst Ratings?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

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.