MasTec, Inc. (NYSE:MTZ) Receives $96.46 Average PT from Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $96.46.

Several brokerages recently commented on MTZ. TD Cowen boosted their price target on MasTec from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. KeyCorp boosted their price target on MasTec from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Craig Hallum upgraded MasTec from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $96.00 in a report on Monday, March 4th. DA Davidson restated a “buy” rating and issued a $70.00 target price on shares of MasTec in a report on Monday, March 4th. Finally, Citigroup boosted their target price on MasTec from $74.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, March 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of MasTec by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 15,124 shares of the construction company’s stock valued at $960,000 after purchasing an additional 132 shares in the last quarter. Covestor Ltd grew its position in MasTec by 40.1% in the first quarter. Covestor Ltd now owns 507 shares of the construction company’s stock valued at $44,000 after acquiring an additional 145 shares during the period. MONECO Advisors LLC grew its position in MasTec by 4.8% in the fourth quarter. MONECO Advisors LLC now owns 3,293 shares of the construction company’s stock valued at $249,000 after acquiring an additional 150 shares during the period. Sheets Smith Wealth Management grew its position in MasTec by 0.9% in the third quarter. Sheets Smith Wealth Management now owns 20,160 shares of the construction company’s stock valued at $1,451,000 after acquiring an additional 185 shares during the period. Finally, Belpointe Asset Management LLC grew its position in MasTec by 7.9% in the first quarter. Belpointe Asset Management LLC now owns 2,541 shares of the construction company’s stock valued at $240,000 after acquiring an additional 185 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Down 0.5 %

Shares of NYSE MTZ opened at $93.25 on Monday. MasTec has a one year low of $44.65 and a one year high of $123.33. The firm has a market capitalization of $7.39 billion, a PE ratio of -141.29 and a beta of 1.60. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $77.76 and a two-hundred day moving average price of $70.36.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. MasTec had a positive return on equity of 4.82% and a negative net margin of 0.42%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.26 billion. As a group, analysts predict that MasTec will post 2.33 earnings per share for the current fiscal year.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.