MasTec (NYSE:MTZ) PT Raised to $110.00

MasTec (NYSE:MTZ) had its price target raised by TD Cowen from $105.00 to $110.00 in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the construction company’s stock.

Several other brokerages have also issued reports on MTZ. Robert W. Baird raised their target price on MasTec from $70.00 to $89.00 and gave the company a neutral rating in a research report on Monday, March 4th. Truist Financial initiated coverage on shares of MasTec in a report on Thursday, March 14th. They set a hold rating and a $96.00 price objective for the company. 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. Citigroup lifted their price target on shares of MasTec from $99.00 to $104.00 and gave the stock a buy rating in a report on Monday, April 22nd. Finally, UBS Group upped their price objective on MasTec from $89.00 to $92.00 and gave the company a buy rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $111.08.

MasTec Trading Down 0.5 %

Shares of MTZ stock opened at $105.17 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.27 and a current ratio of 1.31. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of -751.21 and a beta of 1.61. MasTec has a 52-week low of $44.65 and a 52-week high of $123.33. The company has a 50-day simple moving average of $89.87 and a two-hundred day simple moving average of $73.92.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of MasTec in the fourth quarter worth $37,000. Headlands Technologies LLC purchased a new stake in shares of MasTec in the 3rd quarter valued at about $41,000. Itau Unibanco Holding S.A. bought a new stake in shares of MasTec during the 3rd quarter valued at about $43,000. CWM LLC grew its holdings in shares of MasTec by 59.4% during the fourth quarter. CWM LLC now owns 837 shares of the construction company’s stock worth $63,000 after purchasing an additional 312 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of MasTec by 30.9% in the fourth quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock worth $68,000 after purchasing an additional 212 shares during the last quarter. 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.