MasTec, Inc. (NYSE:MTZ) Receives $96.46 Average PT from Analysts

MasTec, Inc. (NYSE:MTZ) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $96.46.

MTZ has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of MasTec from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Robert W. Baird upped their target price on shares of MasTec from $70.00 to $89.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. DA Davidson reaffirmed a “buy” rating and set a $70.00 target price on shares of MasTec in a research note on Monday, March 4th. KeyCorp upped their target price on shares of MasTec from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Citigroup upped their target price on shares of MasTec from $74.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday, March 4th.

MasTec Price Performance

Shares of MTZ stock opened at $93.72 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36. The firm’s 50-day moving average is $76.67 and its two-hundred day moving average is $70.18. MasTec has a 12 month low of $44.65 and a 12 month high of $123.33. The company has a market capitalization of $7.43 billion, a PE ratio of -142.00 and a beta of 1.60.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.26 billion. MasTec had a negative net margin of 0.42% and a positive return on equity of 4.82%. Analysts predict that MasTec will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On MasTec

Large investors have recently bought and sold shares of the company. Nordea Investment Management AB increased its holdings in shares of MasTec by 35.0% in the 4th quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock valued at $297,006,000 after purchasing an additional 1,027,085 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock valued at $429,670,000 after purchasing an additional 33,592 shares in the last quarter. Community Trust & Investment Co. increased its holdings in shares of MasTec by 32.3% in the 4th quarter. Community Trust & Investment Co. now owns 235,763 shares of the construction company’s stock valued at $17,852,000 after purchasing an additional 57,570 shares in the last quarter. Pantechnicon Advisors LLP increased its holdings in shares of MasTec by 60.0% in the 3rd quarter. Pantechnicon Advisors LLP now owns 152,000 shares of the construction company’s stock valued at $10,939,000 after purchasing an additional 57,000 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of MasTec by 769.6% in the 3rd quarter. Hsbc Holdings PLC now owns 56,674 shares of the construction company’s stock valued at $4,072,000 after purchasing an additional 50,157 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Company Profile

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.