MasTec (NYSE:MTZ) Stock Price Expected to Rise, Citigroup Analyst Says

MasTec (NYSE:MTZ) had its price objective hoisted by research analysts at Citigroup from $284.00 to $350.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s target price indicates a potential upside of 13.98% from the stock’s current price.

A number of other brokerages have also commented on MTZ. Wolfe Research reiterated an “outperform” rating and set a $326.00 price target on shares of MasTec in a report on Monday. TD Cowen increased their target price on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a report on Monday. Mizuho set a $254.00 price target on shares of MasTec in a research report on Monday, November 3rd. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Stifel Nicolaus boosted their price objective on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $270.74.

MasTec Trading Up 3.0%

MTZ stock traded up $9.06 during mid-day trading on Monday, reaching $307.08. 563,429 shares of the stock traded hands, compared to its average volume of 953,471. The stock’s fifty day moving average is $246.26 and its 200-day moving average is $216.84. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. MasTec has a 52-week low of $99.70 and a 52-week high of $310.36. The company has a market cap of $24.23 billion, a P/E ratio of 60.49 and a beta of 1.94.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, sell-side analysts expect that MasTec will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On MasTec

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of MasTec by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after acquiring an additional 34,899 shares during the period. Victory Capital Management Inc. lifted its stake in shares of MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Invesco Ltd. boosted its stake in shares of MasTec by 6.1% during the second quarter. Invesco Ltd. now owns 1,765,049 shares of the construction company’s stock valued at $300,817,000 after purchasing an additional 102,072 shares in the last quarter. Hood River Capital Management LLC grew its holdings in MasTec by 8.9% during the 2nd quarter. Hood River Capital Management LLC now owns 1,692,656 shares of the construction company’s stock worth $288,479,000 after acquiring an additional 138,269 shares during the last quarter. Finally, Peconic Partners LLC raised its position in MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.