MasTec, Inc. (NYSE:MTZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $160.14.

MTZ has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. KeyCorp raised their target price on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Guggenheim assumed coverage on shares of MasTec in a research note on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target on the stock. Truist Financial raised their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Citigroup upped their target price on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd.

Hedge Funds Weigh In On MasTec

Several hedge funds have recently bought and sold shares of MTZ. Wilmington Savings Fund Society FSB bought a new position in shares of MasTec in the third quarter worth about $25,000. Ameliora Wealth Management Ltd. acquired a new stake in MasTec during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the period. Colonial Trust Co SC boosted its position in shares of MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after acquiring an additional 128 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

MasTec Stock Performance

MTZ opened at $120.61 on Monday. The business’s 50-day simple moving average is $138.29 and its 200 day simple moving average is $131.96. MasTec has a 52-week low of $82.29 and a 52-week high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market capitalization of $9.56 billion, a PE ratio of 107.69 and a beta of 1.74.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. As a group, sell-side analysts expect that MasTec will post 3.44 earnings per share for the current fiscal year.

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.