The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for MasTec Inc is $500.00, about 74% above its July 29 closing price of $287.42
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 36 three months ago
Drivers and segment performance
Broad-based growth - Co said strong revenue growth was broad-based across segments, with Clean Energy and Infrastructure leading gains
Clean Energy and Infrastructure - Segment revenue rose 43% yr/yr, driving backlog growth, per co
Acquisition of Superior Group - Co said closing of The Superior Group acquisition expands electrical contracting and data center infrastructure capabilities
Quarterly results beat estimates
US infrastructure builder's Q2 revenue rose 23% yr/yr, beating analyst expectations
Adjusted diluted EPS for Q2 rose 49% yr/yr to a second-quarter record
Company closed acquisition of The Superior Group, expanding electrical contracting capabilities
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