Stifel Nicolaus analyst Noelle Dilts maintained a Buy rating on Mastec on Wednesday, setting a price target of $51, which is approximately 10.29% above the present share price of $46.24.
Dilts expects Mastec to post earnings per share (EPS) of $0.48 for the second quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in MasTec (NYSE:MTZ), with an average price target of $44.33.
The analysts price targets range from a high of $53 to a low of $40.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.42 billion and a net profit of $44.31 million. The company's market cap is $3.27 billion.
According to TipRanks.com, Stifel Nicolaus analyst Noelle Dilts is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.3% and a 51.47% success rate.
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. The Communications segment performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy, and utilities industries. The Electrical Transmission segment deals with the energy and utility industries. The Power Generation and Industrial segment covers energy, utility and other end-markets through the installation and construction of conventional and renewable power facilities. The Other segment comprises of equity investees, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa in 1994 and is headquartered in Coral Gables, FL.