JPMorgan Chase & Co. Has Lowered Expectations for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price target decreased by research analysts at JPMorgan Chase & Co. from $369.00 to $303.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 58.94% from the company’s current price.

MTZ has been the topic of a number of other reports. Citigroup lowered their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Guggenheim increased their target price on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. UBS Group decreased their target price on shares of MasTec from $453.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Piper Sandler lowered their price target on shares of MasTec from $321.00 to $313.00 and set a “neutral” rating on the stock in a research note on Monday, September 28th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $376.85.

MasTec Stock Down 0.2%

MasTec stock traded down $0.38 during midday trading on Monday, reaching $190.64. The stock had a trading volume of 842,955 shares, compared to its average volume of 1,198,916. The stock has a market capitalization of $15.31 billion, a P/E ratio of 30.41 and a beta of 1.84. The firm’s fifty day simple moving average is $235.10 and its 200-day simple moving average is $319.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. MasTec has a 1-year low of $182.34 and a 1-year high of $441.43.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.49 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, analysts expect that MasTec will post 8.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of MasTec during the 2nd quarter worth approximately $3,178,069,000. Hill City Capital LP bought a new position in shares of MasTec in the second quarter valued at $896,609,300. Bank of America Corp DE bought a new position in shares of MasTec in the second quarter valued at $555,825,000. First Trust Advisors LP grew its stake in shares of MasTec by 7.6% in the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock valued at $454,163,000 after buying an additional 100,151 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in MasTec during the second quarter worth $280,544,000. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.