Analysts have been eager to weigh in on the Materials sector with new ratings on MasTec (NYSE:MTZ) and Blueknight Energy (NASDAQ:BKEP).
MasTec (MTZ)
In a report released today, Andrew Wittmann from Robert W. Baird reiterated a Hold rating on MasTec, with a price target of $53. The company’s shares closed on Friday at $46.70.
According to TipRanks.com, Wittmann is a 4-star analyst with an average return of 6.5% and a 59.0% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Tetra Tech.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $60.67 average price target.
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Blueknight Energy (BKEP)
SunTrust Robinson analyst Tristan Richardson reiterated a Buy rating on Blueknight Energy yesterday and set a price target of $3. The company’s shares closed on Friday at $2.80, close to its 52-week low of $2.70.
According to TipRanks.com, Richardson is a 3-star analyst with an average return of 3.5% and a 50.0% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Andeavor Logistics LP, and Targa Resources Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blueknight Energy with a $4.17 average price target.
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