Where MasTec Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for MasTec (NYSE:MTZ), with a total of 9 analysts offering their views. The average price target is now $78.67, down from the previous $108.33, indicating a 27.38% decrease. The highest price target given is $106.00 and the lowest is $54.00. Analysts' actions include raising, lowering, and announcing ratings, with the majority being bullish. MasTec's financial performance shows strong revenue growth but below-average profitability and efficiency metrics, and a high debt-to-equity ratio.
December 19, 2023 | 4:01 pm
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MasTec's average price target has been lowered to $78.67, with a high estimate of $106.00 and a low of $54.00, reflecting a decrease from the previous target of $108.33. The majority of analysts remain bullish, but the company faces profitability and efficiency challenges.
The reduction in the average price target suggests analysts are adjusting their expectations due to potential challenges faced by the company, despite the bullish sentiment. The strong revenue growth is a positive sign, but issues with profitability, efficiency, and high debt may temper investor enthusiasm in the short term, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100