MasTec (NYSE:MTZ) Stock Gets Price Target Cut from JPMorgan Chase & Co.

MasTec (NYSE:MTZ) had its price target decreased by JPMorgan Chase & Co. from $369.00 to $303.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

MTZ has been the topic of a number of other research reports. TD Cowen decreased their target price on shares of MasTec from $420.00 to $320.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Truist Financial cut their price target on shares of MasTec from $428.00 to $380.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Citigroup cut their price target on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp reduced their price objective on MasTec from $371.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, Stifel Nicolaus decreased their price objective on MasTec from $376.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $376.85.

MasTec Trading Down 3.4%

MTZ stock opened at $181.02 on Monday. The company has a market capitalization of $14.54 billion, a PE ratio of 24.11 and a beta of 1.84. MasTec has a one year low of $178.07 and a one year high of $441.43. The company’s 50 day moving average price is $229.85 and its two-hundred day moving average price is $316.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $1.49 earnings per share. The company’s revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, analysts predict that MasTec will post 8.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MasTec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTZ. Transamerica Financial Advisors LLC purchased a new position in shares of MasTec in the second quarter valued at about $32,000. Bell Investment Advisors Inc bought a new position in shares of MasTec during the second quarter valued at about $32,000. Ascentis Independent Advisors bought a new position in shares of MasTec during the first quarter valued at about $30,000. GK Wealth Management LLC purchased a new stake in shares of MasTec during the third quarter worth about $29,000. Finally, Solstein Capital LLC purchased a new stake in shares of MasTec during the second quarter worth about $58,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.