Barclays reiterated their buy rating on shares of MasTec (NYSE:MTZ) in a research note published on Monday morning, AnalystRatings.com reports. Barclays currently has a $60.00 target price on the construction company’s stock.
Other research analysts have also issued reports about the company. ValuEngine lowered Wolverine World Wide from a hold rating to a sell rating in a research report on Monday, May 20th. UBS Group decreased their price objective on Mylan to $23.00 and set a neutral rating on the stock in a research report on Tuesday, May 28th. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a research report on Thursday, May 9th. Finally, KeyCorp increased their price objective on PGT Innovations from $20.00 to $22.00 and gave the company an overweight rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $60.44.
Shares of MTZ opened at $50.28 on Monday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.46 and a beta of 1.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.79 and a quick ratio of 1.70. The company has a fifty day moving average price of $49.64. MasTec has a 52 week low of $37.24 and a 52 week high of $53.80.
MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.19. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.43 billion. MasTec had a return on equity of 21.31% and a net margin of 3.93%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, equities analysts forecast that MasTec will post 4.4 earnings per share for the current fiscal year.
In other news, Director Robert J. Dwyer sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $51.66, for a total value of $516,600.00. Following the transaction, the director now directly owns 23,587 shares in the company, valued at approximately $1,218,504.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.00% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Weaver Consulting Group acquired a new stake in shares of MasTec in the 1st quarter valued at about $25,000. Endurance Wealth Management Inc. acquired a new stake in shares of MasTec in the 1st quarter valued at about $29,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of MasTec in the 4th quarter valued at about $101,000. Brandywine Global Investment Management LLC acquired a new stake in shares of MasTec in the 4th quarter valued at about $113,000. Finally, NEXT Financial Group Inc raised its stake in shares of MasTec by 137.2% in the 2nd quarter. NEXT Financial Group Inc now owns 3,465 shares of the construction company’s stock valued at $179,000 after purchasing an additional 2,004 shares during the period. Institutional investors and hedge funds own 85.48% 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, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
Further Reading: Trading Options- What is a Strangle?
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.