In a report published Friday, D.A. Davidson analyst John B. Rogers reiterated a Buy rating and $28.00 price target on MasTec, Inc. MTZ.
In the report, D.A. Davidson noted, "MasTec reported GAAP EPS of $0.33 for the fourth quarter above our estimate of $0.28 per share. These results compare with reported GAAP EPS of $0.50 last year. Adjusted EPS (excluding unusual items and non-cash compensation costs) declined to $0.40 from $0.53 last year, and was above our estimate and consensus of $0.38."
MasTec, Inc. closed on Thursday at $20.53.
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