Robert W. Baird analyst Andrew Wittmann reiterated a Hold rating on MasTec (MTZ) today and set a price target of $49. The company’s shares closed on Friday at $42.69.
According to TipRanks.com, Wittmann is a 2-star analyst with an average return of 0.1% and a 49.5% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Quanta Services.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $63.60 average price target.
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MasTec’s market cap is currently $3.36B and has a P/E ratio of 8.89. The company has a Price to Book ratio of 2.26.
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MasTec, Inc. is an infrastructure construction company, which engages in engineering, building, installation, maintenance, and upgrade of communications, energy, and utility infrastructure. It operates through the following segments: Communications; Oil and Gas; Electrical Transmissions; Power Generation and Industrial; and Other.
