MasTec Given Average Rating of “Buy” by Brokerages (NYSE:MTZ)
Shares of MasTec (NYSE:MTZ) have received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, American Banking News.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.22.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of MasTec in a research note on Friday, April 11th. They now have a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of MasTec in a research note on Monday, March 3rd. They now have a $50.00 price target on the stock, up previously from $39.00.
MasTec (NYSE:MTZ) traded down 0.27% during mid-day trading on Monday, hitting $40.65. 18,419 shares of the company’s stock traded hands. MasTec has a one year low of $26.47 and a one year high of $44.80. The stock has a 50-day moving average of $42.38 and a 200-day moving average of $35.86. The company has a market cap of $3.143 billion and a P/E ratio of 24.50.
MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts expect that MasTec will post $2.29 EPS for the current fiscal year.
MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.
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