In a report released yesterday, Adam Seiden from Barclays maintained a Buy rating on MasTec (MTZ), with a price target of $57. The company’s shares closed yesterday at $47.68.
According to TipRanks.com, Seiden has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 34.4% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Caterpillar, and Welbilt Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $58 average price target, representing a 21.6% upside. In a report issued on March 1, B.Riley FBR also reiterated a Buy rating on the stock with a $71 price target.
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Based on MasTec’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $31.94 million. In comparison, last year the company had a net profit of $161 million.
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MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications; Oil and Gas; Electrical Transmissions; Power Generation and Industrial; and Other.
