B.Riley Financial analyst Alex Rygiel maintains $MasTec (MTZ.US)$ with a buy rating, and adjusts the target price from $151 to $166.
According to TipRanks data, the analyst has a success rate of 52.4% and a total average return of 14.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MasTec (MTZ.US)$'s main analysts recently are as follows:
MasTec is showing signs of strong execution and building operational momentum, according to an analyst. With three out of four of its business segments poised to tap into high-growth markets, the expectation is for these segments to experience double-digit growth and significantly improved margins in the upcoming year. Additionally, there's potential for the fourth segment to outperform expectations in 2026 and beyond.
The firm acknowledged MasTec's earnings surpassed expectations and noted an increase in backlog, solid free cash flow, and raised guidance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
