Brokerages Set MasTec, Inc. (NYSE:MTZ) PT at $238.16

Shares of MasTec, Inc. (NYSE:MTZ) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $238.1579.

A number of analysts have recently issued reports on the company. Barclays lifted their target price on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Guggenheim reiterated a “neutral” rating and set a $215.00 price objective on shares of MasTec in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. KeyCorp reiterated an “overweight” rating and set a $264.00 price target on shares of MasTec in a research report on Wednesday, January 7th. Finally, Robert W. Baird raised their price target on shares of MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd.

MasTec Stock Down 5.7%

Shares of NYSE:MTZ opened at $235.24 on Thursday. The business has a fifty day moving average of $227.90 and a two-hundred day moving average of $205.89. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.69. The stock has a market cap of $18.56 billion, a P/E ratio of 55.88 and a beta of 1.94. MasTec has a 52-week low of $99.70 and a 52-week high of $252.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Freemont Management S.A. acquired a new stake in MasTec in the fourth quarter worth about $2,391,000. Ameritas Advisory Services LLC boosted its holdings in shares of MasTec by 4,223.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,767 shares of the construction company’s stock valued at $601,000 after buying an additional 2,703 shares during the period. Versor Investments LP boosted its stake in MasTec by 50.5% in the 4th quarter. Versor Investments LP now owns 4,013 shares of the construction company’s stock worth $872,000 after purchasing an additional 1,346 shares during the period. Marco Investment Management LLC boosted its position in shares of MasTec by 9.6% during the fourth quarter. Marco Investment Management LLC now owns 34,625 shares of the construction company’s stock worth $7,526,000 after buying an additional 3,020 shares during the period. Finally, F m Investments LLC acquired a new stake in shares of MasTec in the fourth quarter valued at approximately $292,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.