MasTec (NYSE:MTZ) Price Target Raised to $130.00

MasTec (NYSE:MTZ) had its price target increased by Barclays from $106.00 to $130.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on the stock. UBS Group lifted their price objective on shares of MasTec from $89.00 to $92.00 and gave the stock a buy rating in a research note on Friday, February 2nd. KeyCorp upped their price target on MasTec from $104.00 to $113.00 and gave the company an overweight rating in a report on Monday. TD Cowen raised their price objective on MasTec from $105.00 to $110.00 and gave the stock a buy rating in a research note on Monday. The Goldman Sachs Group boosted their target price on MasTec from $54.00 to $61.00 and gave the stock a neutral rating in a research report on Friday, February 9th. Finally, DA Davidson reissued a buy rating and issued a $70.00 price target on shares of MasTec in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, MasTec currently has an average rating of Moderate Buy and a consensus target price of $111.08.

MasTec Price Performance

Shares of NYSE:MTZ opened at $105.17 on Monday. The stock’s 50 day moving average price is $89.87 and its 200 day moving average price is $73.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of -751.21 and a beta of 1.61. MasTec has a 12 month low of $44.65 and a 12 month high of $123.33.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.26 billion. Equities research analysts anticipate that MasTec will post 2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTZ. Quarry LP bought a new position in MasTec in the 4th quarter worth $37,000. Headlands Technologies LLC bought a new position in MasTec in the 3rd quarter worth $41,000. Itau Unibanco Holding S.A. bought a new position in MasTec in the 3rd quarter worth $43,000. CWM LLC raised its holdings in MasTec by 59.4% in the 4th quarter. CWM LLC now owns 837 shares of the construction company’s stock worth $63,000 after acquiring an additional 312 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in MasTec by 30.9% in the 4th quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock worth $68,000 after acquiring an additional 212 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.