Stock analysts at Lazard Capital Markets raised their price objective on shares of MasTec (NYSE: MTZ) from $36.00 to $39.00 in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Lazard Capital Markets’ target price would indicate a potential upside of 14.87% from the company’s current price.
MTZ has been the subject of a number of other recent research reports. Analysts at Wunderlich initiated coverage on shares of MasTec in a research note to investors on Friday, June 28th. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of MasTec in a research note to investors on Wednesday, May 8th. They set a “buy” rating and a $38.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of MasTec from $34.00 to $36.00 in a research note to investors on Monday, May 6th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.82.
MasTec (NYSE: MTZ) traded up 0.18% on Wednesday, hitting $33.95. MasTec has a 52-week low of $12.86 and a 52-week high of $34.63. The stock’s 50-day moving average is currently $32.01. The company has a market cap of $2.608 billion and a price-to-earnings ratio of 24.86.
MasTec (NYSE: MTZ) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $918.60 million for the quarter, compared to the consensus estimate of $854.87 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. MasTec has set its Q2 guidance at $0.42 EPS and its FY13 guidance at $1.80 EPS. On average, analysts predict that MasTec will post $1.80 earnings per share for the current fiscal year.
MasTec, Inc, is an infrastructure construction company operating mainly throughout North America across a range of industries.
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