In the latest quarter, 12 analysts provided ratings for MasTec MTZ, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 3 | 3 | 0 | 0 |
| Last 30D | 3 | 2 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $86.17, a high estimate of $105.00, and a low estimate of $61.00. Surpassing the previous average price target of $72.33, the current average has increased by 19.13%.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of MasTec by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| Neil Mehta | Goldman Sachs | Raises | Neutral | $61.00 | $54.00 |
| Steven Fisher | UBS | Raises | Buy | $92.00 | $89.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $74.00 | $60.00 |
| Andrew Wittmann | Baird | Raises | Neutral | $75.00 | $57.00 |
| Sangita Jain | Keybanc | Announces | Overweight | $92.00 | - |
| Stanley Elliott | Stifel | Raises | Buy | $84.00 | $70.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MasTec. This information offers a snapshot of how analysts perceive 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: Analysts navigate through adjustments in price targets, providing estimates for MasTec's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
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.
Get to Know MasTec Better
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.
Breaking Down MasTec's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
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. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 0.44%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.53%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): MasTec's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.15%, 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 1.34. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
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.
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.
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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