Shares of MasTec, Inc. (NYSE:MTZ – Get Free Report) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $160.14.
A number of research firms recently commented on MTZ. Stifel Nicolaus dropped their target price on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Citigroup raised their price objective on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Truist Financial raised their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Guggenheim initiated coverage on shares of MasTec in a research report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th.
Read Our Latest Research Report on MTZ
Institutional Trading of MasTec
MasTec Trading Up 3.5 %
NYSE MTZ opened at $120.61 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm’s fifty day moving average price is $137.76 and its 200 day moving average price is $132.33. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 107.69 and a beta of 1.74. MasTec has a 12 month low of $82.29 and a 12 month high of $166.95.
MasTec (NYSE:MTZ – Get Free Report) last posted its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, sell-side analysts expect that MasTec will post 3.44 earnings per share for the current fiscal year.
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.
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