MasTec, Inc. (NYSE:MTZ) Given Average Rating of "Moderate Buy" by Brokerages

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $153.87.

Several equities analysts have weighed in on the stock. KeyCorp boosted their target price on shares of MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Barclays increased their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. B. Riley reaffirmed a "buy" rating and issued a $165.00 price target (up from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Finally, Citigroup boosted their price target on MasTec from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd.

MasTec Price Performance

NYSE MTZ traded up $15.08 on Friday, reaching $121.90. 1,571,331 shares of the stock traded hands, compared to its average volume of 931,921. The firm's fifty day simple moving average is $125.67 and its 200 day simple moving average is $133.12. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 108.84 and a beta of 1.62. MasTec has a 12 month low of $82.29 and a 12 month high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Remove Ads

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, research analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. The trade was a 9.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.30% of the company's stock.

Institutional Investors Weigh In On MasTec

Several large investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of MasTec by 18.1% during the third quarter. FMR LLC now owns 3,382 shares of the construction company's stock worth $416,000 after buying an additional 518 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in MasTec by 668.2% in the third quarter. BNP Paribas Financial Markets now owns 28,792 shares of the construction company's stock valued at $3,544,000 after purchasing an additional 25,044 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of MasTec by 140.6% in the 3rd quarter. Captrust Financial Advisors now owns 4,541 shares of the construction company's stock valued at $559,000 after acquiring an additional 2,654 shares during the last quarter. Edgestream Partners L.P. bought a new stake in MasTec in the third quarter valued at approximately $1,222,000. Finally, HighTower Advisors LLC raised its stake in MasTec by 9.8% during the 3rd quarter. HighTower Advisors LLC now owns 3,511 shares of the construction company's stock worth $433,000 after buying an additional 312 shares during the period. 78.10% of the stock is currently owned by 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.