Infrastructure Construction Company MasTec Is Poised For Double Digit Margin Expansion, Analyst Says
Infrastructure Construction Company MasTec Is Poised For Double Digit Margin Expansion, Analyst Says
Shares of MasTec Inc (NYSE:MTZ) continued their upward trajectory in early trading on Tuesday, after climbing last week on the company's raised 2024 adjusted earnings guidance.
MasTec股票（紐交所:MTZ）在週二早盤繼續上漲，此前在公司提高2024年調整後收益指引的推動下，上週已上漲。
Despite the recent rally, the stock has more runway. The Coral Gables, Florida-based company's Power Delivery, Clean Energy & Infrastructure (CE&I), and Communications segments are "turning the corner," according to Truist Securities.
儘管近期股價持續上漲，但股票還有更多上漲空間。總部位於佛羅里達州Coral Gables的MasTec公司的動力輸送、清潔能源與製造行業（CE&I）以及通信板塊正在"轉機"，據Truist Securities稱。
Analyst Jamie Cook upgraded the rating for MasTec from Hold to Buy, while raising the price target from $133 to $173.
分析師Jamie Cook將對MasTec的評級從持有升級爲買入，並將價格目標從133美元上調至173美元。
The MasTec Thesis: The company's Power Delivery, CE&I, and Communications segments are poised for revenue growth and margin expansion, Cook said in the upgrade note.
MasTec觀點：Cook在升級筆記中表示，公司的動力輸送、CE&I和通信板塊預計將實現營業收入增長和利潤率擴張。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
MasTec is "solidifying its positioning in utility transmission and distribution through the Henkels & McCoy acquisition and in renewables through the IEA acquisition," the analyst stated.
分析師表示，通過Henkels & McCoy收購鞏固了MasTec在公用事業傳輸和配電領域的地位，並通過IEA收購鞏固了在可再生能源領域的地位。
The company and rival Quanta Services Inc (NYSE:PWR) are both "well positioned to lead the market and grow given competitive advantages which include scale, workforce, and balance sheet," he added.
他補充說，該公司與競爭對手Quanta Services Inc（紐交所:PWR）都"處於有利市場領先地位，具備規模、人力資源和資產負債表等競爭優勢，可謂前景光明"。
"We expect strong top line growth and margin expansion in 2025 tied to secular growth in renewables, significant funding for communications infrastructure associated with BEAD funding and MTZ's recently expanded relationship with AT&T (NYSE:T), and new major project wins including the $1.5 billion high-voltage transmission project MTZ announced last quarter," Cook wrote. After facing two years of margin pressure, MasTec seems poised for margin expansion in 2025 and "has line of sight to reaching double-digit EBITDA margins over the medium term," he further said.
"我們預計2025年頂線增長強勁，利潤率擴張，與可再生能源的長期增長、與BEAD資金相關的通信基礎設施的大量資金以及MTZ最近與AT&t（紐交所:T）擴展合作關係以及包括MTZ在內的新重大項目獲得在內，"Cook寫道。他進一步表示，經歷了兩年的利潤率壓力後，MasTec似乎已做好了在2025年擴大利潤率的準備，並"有望在中期達到兩位數的EBITDA利潤率"。
Price Action: Shares of MasTechad risen by 3.22% to $136.87 at the time of publication on Tuesday.
股價走勢：MasTec股票在週二發佈時上漲了3.22％，達到136.87美元。
Read More: MasTec Stock Rallies 31% in the Past 6 Months: Is MTZ a Buy Right Now?
繼續閱讀：過去6個月中，MasTec股票上漲了31％：現在是買入MTZ的時候嗎？
譯文內容由第三人軟體翻譯。
