MasTec (NYSE:MTZ) PT Raised to $110.00 at TD Cowen

MasTec (NYSE:MTZ) had its price target increased by TD Cowen from $105.00 to $110.00 in a research report released on Monday, MarketBeat Ratings reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts also recently weighed in on the company. Barclays increased their price target on MasTec from $55.00 to $106.00 and gave the stock an overweight rating in a report on Tuesday, March 5th. DA Davidson reissued a buy rating and issued a $70.00 price target on shares of MasTec in a research note on Monday, March 4th. Robert W. Baird raised their price objective on shares of MasTec from $70.00 to $89.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Citigroup boosted their target price on shares of MasTec from $99.00 to $104.00 and gave the company a buy rating in a research report on Monday, April 22nd. Finally, Craig Hallum upgraded shares of MasTec from a hold rating to a buy rating and raised their price target for the stock from $50.00 to $96.00 in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, MasTec currently has an average rating of Moderate Buy and an average target price of $111.08.

MasTec Stock Up 0.3 %

Shares of MTZ opened at $105.55 on Monday. The company has a market capitalization of $8.39 billion, a PE ratio of -753.93 and a beta of 1.61. The stock’s 50-day moving average price is $90.47 and its two-hundred day moving average price is $74.14. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.94. MasTec has a 12 month low of $44.65 and a 12 month high of $123.33.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.26 billion. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. On average, analysts anticipate that MasTec will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTZ. Quarry LP purchased a new stake in shares of MasTec in the fourth quarter valued at about $37,000. Headlands Technologies LLC purchased a new stake in MasTec in the 3rd quarter valued at about $41,000. Itau Unibanco Holding S.A. bought a new position in shares of MasTec during the 3rd quarter worth approximately $43,000. CWM LLC boosted its stake in shares of MasTec by 59.4% in the 4th quarter. CWM LLC now owns 837 shares of the construction company’s stock worth $63,000 after buying an additional 312 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of MasTec by 30.9% in the 4th quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock worth $68,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.