MasTec (NYSE:MTZ) Price Target Lowered to $153.00 at Robert W. Baird

MasTec (NYSE:MTZ) had its price target trimmed by Robert W. Baird from $162.00 to $153.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. Guggenheim started coverage on MasTec in a research note on Wednesday, January 8th. They issued a “buy” rating and a $195.00 price target for the company. Craig Hallum upped their price target on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus upped their price target on MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, TD Cowen upped their price target on MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

MasTec Stock Performance

MasTec stock opened at $127.56 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec has a 1 year low of $82.29 and a 1 year high of $166.95. The company has a market cap of $10.11 billion, a PE ratio of 113.89 and a beta of 1.73. The company’s 50-day moving average is $141.60 and its two-hundred day moving average is $131.76.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Institutional Trading of MasTec

Large investors have recently bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of MasTec by 21.7% during the 4th quarter. New York State Teachers Retirement System now owns 32,307 shares of the construction company’s stock worth $4,398,000 after acquiring an additional 5,750 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of MasTec by 45.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,498 shares of the construction company’s stock valued at $3,880,000 after buying an additional 8,948 shares during the last quarter. Atom Investors LP boosted its holdings in shares of MasTec by 979.0% in the 3rd quarter. Atom Investors LP now owns 61,018 shares of the construction company’s stock valued at $7,511,000 after buying an additional 55,363 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of MasTec by 286.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,871 shares of the construction company’s stock valued at $2,433,000 after buying an additional 13,241 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of MasTec by 1.4% in the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after buying an additional 24,522 shares during the last quarter. 78.10% of the stock is owned by institutional investors.

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.