B. Riley reiterated their buy rating on shares of MasTec (NYSE:MTZ - Free Report) in a report issued on Wednesday,Benzinga reports. The firm currently has a $165.00 price objective on the construction company's stock, up from their previous price objective of $151.00. B. Riley also issued estimates for MasTec's Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $2.12 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $4.99 EPS and FY2026 earnings at $5.97 EPS.
A number of other research analysts also recently commented on the company. Citigroup increased their price objective on MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a 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 report on Monday, March 3rd. Truist Financial upped their price objective on shares of MasTec from $173.00 to $189.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. KeyCorp lifted their target price on MasTec from $153.00 to $168.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, Guggenheim started coverage on MasTec in a research note on Wednesday, January 8th. They issued a "buy" rating and a $195.00 price objective for the company. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $160.07.
Read Our Latest Stock Report on MTZ
MasTec Stock Performance
Shares of NYSE:MTZ traded down $2.70 during trading on Wednesday, hitting $123.89. 4,896,017 shares of the stock traded hands, compared to its average volume of 869,972. The company has a fifty day moving average price of $135.56 and a two-hundred day moving average price of $132.88. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 110.61 and a beta of 1.74. MasTec has a 52-week low of $82.29 and a 52-week 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.
MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. As a group, equities analysts predict that MasTec will post 3.44 EPS for the current year.
Institutional Trading of MasTec
Several large investors have recently bought and sold shares of MTZ. Pacer Advisors Inc. boosted its holdings in shares of MasTec by 65.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company's stock valued at $278,312,000 after buying an additional 895,227 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in MasTec in the fourth quarter worth approximately $59,910,000. First Trust Advisors LP grew its holdings in MasTec by 173.8% during the fourth quarter. First Trust Advisors LP now owns 587,788 shares of the construction company's stock worth $80,021,000 after acquiring an additional 373,145 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock worth $85,451,000 after purchasing an additional 363,502 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of MasTec during the 4th quarter worth $46,612,000. Institutional investors and hedge funds own 78.10% of the company's stock.
About MasTec
(
Get Free Report)
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.
See Also
Before you consider MasTec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MasTec wasn't on the list.
While MasTec currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
