MasTec (NYSE:MTZ) Given New $347.00 Price Target at Cantor Fitzgerald

MasTec (NYSE:MTZ) had its target price increased by Cantor Fitzgerald from $274.00 to $347.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other research firms have also recently issued reports on MTZ. Mizuho set a $254.00 price target on MasTec in a report on Monday, November 3rd. Citigroup boosted their target price on shares of MasTec from $248.00 to $284.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Truist Financial upped their target price on shares of MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday. KeyCorp increased their price target on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec currently has an average rating of “Buy” and a consensus price target of $283.79.

MasTec Stock Performance

NYSE:MTZ opened at $305.31 on Monday. The stock has a market capitalization of $24.09 billion, a P/E ratio of 60.22 and a beta of 1.88. 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 1 year low of $99.70 and a 1 year high of $310.36. The firm has a 50 day moving average of $247.88 and a 200-day moving average of $217.73.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the firm posted $1.44 EPS. The business’s revenue was up 15.8% on a year-over-year basis. 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 anticipate that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Salomon & Ludwin LLC lifted its stake in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after buying an additional 93 shares during the period. Caldwell Trust Co bought a new stake in shares of MasTec in the 2nd quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MasTec in the 4th quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its position in shares of MasTec by 253.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after acquiring an additional 137 shares during the period. Finally, Evelyn Partners Asset Management Ltd bought a new position in MasTec during the 2nd quarter worth approximately $43,000. Institutional investors own 78.10% of the company’s stock.

Trending Headlines about MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: MasTec raised its 2026 guidance and said its infrastructure backlog expanded, a direct operational catalyst that supports higher revenue and earnings visibility. MasTec (MTZ) Is Up 7.0% After Raising 2026 Guidance and Expanding Infrastructure Backlog
• Positive Sentiment: DA Davidson raised its price target to $350 and maintained a Buy rating — another institutional endorsement boosting investor confidence. DA Davidson PT Raise
• Positive Sentiment: Citigroup increased its target to $350 and reiterated a Buy, signaling strong sell‑side confidence in MasTec’s outlook. Citigroup PT Raise
• Positive Sentiment: Cantor Fitzgerald, Robert W. Baird, KeyCorp, Truist, TD Cowen and others raised targets (range ~$320–$356) and issued Overweight/Buy/Outperform calls, adding broad analyst momentum behind the rally. (Representative reports linked.) Analyst PT Raises
• Neutral Sentiment: Zacks published pieces noting MasTec’s strong YTD performance versus construction peers and that MTZ hit a 52‑week high — useful market context but informational rather than new fundamental news. Zacks: Outpacing Peers Zacks: 52‑Week High

About MasTec

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.