MasTec, Inc. (NYSE:MTZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MasTec, Inc. (NYSE:MTZ) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $96.85.

MTZ has been the topic of a number of research reports. UBS Group raised their target price on shares of MasTec from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial initiated coverage on shares of MasTec in a research report on Thursday, March 14th. They set a “hold” rating and a $96.00 target price on the stock. DA Davidson reissued a “buy” rating and set a $70.00 target price on shares of MasTec in a research report on Monday, March 4th. Craig Hallum raised shares of MasTec from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $96.00 in a research report on Monday, March 4th. Finally, The Goldman Sachs Group raised their target price on shares of MasTec from $54.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, February 9th.

MasTec Trading Up 1.2 %

MTZ stock opened at $86.22 on Friday. The company has a market capitalization of $6.85 billion, a PE ratio of -130.64 and a beta of 1.62. MasTec has a 12 month low of $44.65 and a 12 month high of $123.33. The firm’s 50-day moving average is $85.22 and its 200 day moving average is $71.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.36.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. The company 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%. On average, research analysts anticipate that MasTec will post 2.33 EPS for the current year.

Institutional Trading of MasTec

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in MasTec in the 4th quarter worth approximately $37,000. CWM LLC boosted its stake in MasTec by 152.4% in the 3rd quarter. CWM LLC now owns 525 shares of the construction company’s stock worth $38,000 after purchasing an additional 317 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in MasTec by 75.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 540 shares of the construction company’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. Headlands Technologies LLC acquired a new stake in MasTec in the 3rd quarter worth approximately $41,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in MasTec in the 3rd quarter worth approximately $43,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.