KeyBanc analyst Sangita Jain maintains $MasTec (MTZ.US)$ with a buy rating, and sets the target price at $145.
According to TipRanks data, the analyst has a success rate of 79.2% and a total average return of 18.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MasTec (MTZ.US)$'s main analysts recently are as follows:
The outsourced utility services market is on an upswing, driven by a structural and enduring demand surge as the aging U.S. power grid gears up for a resurgence in electricity consumption, coupled with a rising proportion of intermittent renewable resources to meet the growing energy requirements. Analysts prefer companies that are involved with large-scale projects that demand integrated and complex solutions, particularly in the realms of electric power transmission and renewable energy services. This perspective gives an edge to companies like MasTec.
The assessment suggests that MasTec is at the beginning phase of securing investors' trust by demonstrating steady performance. Although the stock has performed robustly this year, it is still valued lower than its peers within the specialty contractor space, indicating a fair opportunity for growth. This is supported by favorable trends in Communications and Electric Power sectors. Furthermore, there is anticipation that the company's leadership will keep signaling progress in the Clean Energy area and possible gains in the fourth quarter due to work related to storm restoration.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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