MasTec Stock Rating Reaffirmed by Deutsche Bank (MTZ)
MasTec (NYSE:MTZ)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $38.00 price objective on the stock, down from their previous price objective of $44.00. Deutsche Bank’s target price would suggest a potential upside of 31.90% from the company’s current price.
A number of other analysts have also recently weighed in on MTZ. Analysts at Wunderlich cut their price target on shares of MasTec from $50.00 to $42.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of MasTec in a research note on Monday, July 21st. They now have a $39.00 price target on the stock, down previously from $40.00. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. MasTec presently has a consensus rating of “Buy” and an average price target of $38.38.
MasTec (NYSE:MTZ) traded down 2.88% on Wednesday, hitting $27.98. 1,976,407 shares of the company’s stock traded hands. MasTec has a 52-week low of $26.38 and a 52-week high of $44.80. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $36.30. The company has a market cap of $2.190 billion and a P/E ratio of 18.26.
MasTec (NYSE:MTZ) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.40. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.47 earnings per share. MasTec’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that MasTec will post $1.71 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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