Robert W. Baird Sticks to Its Buy Rating for MasTec (MTZ)


Robert W. Baird analyst Andrew Wittmann maintained a Buy rating on MasTec (NYSE: MTZ) today and set a price target of $52. The company’s shares opened today at $49.90.

According to TipRanks.com, Wittmann is a 3-star analyst with an average return of 2.9% and a 53.4% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Jacobs Engineering, Fluor Corp, and MYR Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $62.67 average price target.

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MasTec’s market cap is currently $3.62B and has a P/E ratio of 11.14. The company has a Price to Book ratio of 2.53.

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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.

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