Media stories about MasTec (NYSE:MTZ) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MasTec earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.7783102109956 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Mastec Inc (MTZ) Closes The Most Recent Session Above The PSAR (parkcitycaller.com)
- MasTec, Inc. (MTZ): Stay Cool with Active Stock: (mosttradedstocks.com)
- Taking a Peek Behind The Quant Data For MasTec, Inc. (NYSE:MTZ) (derbynewsjournal.com)
- MasTec, Inc. (MTZ): Stock in Featured List: (stockquote.review)
- Is It The Right Time To Sell? MasTec, Inc. (MTZ) (nysestocks.review)
NYSE:MTZ opened at $50.50 on Tuesday. The company has a market cap of $3.97 billion, a P/E ratio of 18.50, a PEG ratio of 0.99 and a beta of 1.57. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.98. MasTec has a 1-year low of $38.40 and a 1-year high of $55.53.
MasTec (NYSE:MTZ) last released its quarterly earnings results on Monday, April 30th. The construction company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.14. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.24 billion. MasTec had a return on equity of 15.48% and a net margin of 4.86%. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. equities research analysts forecast that MasTec will post 3.56 earnings per share for the current year.
A number of analysts have recently issued reports on the company. Deutsche Bank raised MasTec to a “buy” rating and raised their price objective for the company from $43.00 to $48.00 in a research report on Thursday, March 22nd. Robert W. Baird cut MasTec from an “outperform” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research report on Thursday, March 1st. Citigroup raised their price objective on MasTec from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. DA Davidson raised their price objective on MasTec to $65.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Finally, ValuEngine raised MasTec from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.15.
In related news, Director Julia L. Johnson sold 29,607 shares of MasTec stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $51.11, for a total transaction of $1,513,213.77. Following the completion of the sale, the director now directly owns 72,921 shares of the company’s stock, valued at approximately $3,726,992.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Cardenas Alberto De sold 15,000 shares of MasTec stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $49.55, for a total value of $743,250.00. Following the sale, the executive vice president now directly owns 110,502 shares of the company’s stock, valued at $5,475,374.10. The disclosure for this sale can be found here. Company insiders own 20.10% of the company’s stock.
MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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