Breaking Down MasTec: 14 Analysts Share Their Views
MasTec (NYSE:MTZ) underwent analysis by 14 analysts in the last quarter, revealing a spectrum of viewpoints 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 | 1 | 0 | 0 |
| 2M Ago | 5 | 3 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $118.14, a high estimate of $132.00, and a low estimate of $104.00. Witnessing a positive shift, the current average has risen by 13.91% from the previous average price target of $103.71.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive MasTec. The following summary 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 |
|---|---|---|---|---|---|
| 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 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $104.00 | $99.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MasTec. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into 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.
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: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.
Unraveling the Financial Story of MasTec
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: MasTec's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 3.95%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: MasTec's net margin is impressive, surpassing industry averages. With a net margin of -1.53%, the company demonstrates strong profitability and effective cost management.
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 is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.45%, the company may face hurdles in achieving optimal financial returns.
Debt Management: MasTec's debt-to-equity ratio stands notably higher than the industry average, reaching 1.18. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.