MasTec (NYSE:MTZ) Earns “Buy” Rating from B. Riley

MasTec (NYSE:MTZ)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a report released on Wednesday,Benzinga reports. They presently have a $165.00 target price on the construction company’s stock, up from their prior target price of $151.00. B. Riley’s price objective indicates a potential upside of 30.18% from the stock’s current price. B. Riley also issued estimates for MasTec’s Q1 2025 earnings at $0.26 EPS and FY2026 earnings at $5.97 EPS.

Several other brokerages also recently weighed in on MTZ. Citigroup lifted their price objective on shares of MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus cut their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Robert W. Baird cut their price objective on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Truist Financial lifted their price objective on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays raised their target price on shares of MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.07.

MasTec Trading Up 0.6 %

MasTec stock opened at $126.75 on Wednesday. The firm’s 50-day moving average is $135.98 and its 200-day moving average is $132.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec has a 1 year low of $82.29 and a 1 year high of $166.95. The company has a market cap of $10.05 billion, a P/E ratio of 113.17 and a beta of 1.74.

MasTec (NYSE:MTZ) last posted its quarterly earnings results 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. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, equities analysts expect that MasTec will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of MasTec in the third quarter worth approximately $25,000. Ameliora Wealth Management Ltd. purchased a new position in shares of MasTec in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the period. Colonial Trust Co SC boosted its holdings in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after purchasing an additional 128 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

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.