MasTec (NYSE:MTZ - Get Free Report) was upgraded by stock analysts at B. Riley to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. 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 equities research analysts have also issued reports on MTZ. 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 report on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on MasTec from $154.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. KeyCorp boosted their target price on MasTec from $153.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Barclays upped their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus cut their price target on MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MasTec has an average rating of "Moderate Buy" and a consensus target price of $160.07.
Check Out Our Latest Analysis on MasTec
MasTec Price Performance
Shares of MTZ stock traded up $7.90 on Tuesday, reaching $131.93. 1,313,727 shares of the company were exchanged, compared to its average volume of 871,748. MasTec has a 1 year low of $82.29 and a 1 year 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 business has a 50-day moving average price of $135.32 and a 200 day moving average price of $133.09. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 117.80 and a beta of 1.74.
MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results 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. 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 analysts' expectations of $3.32 billion. Equities research analysts forecast that MasTec will post 3.44 earnings per share for the current fiscal year.
Institutional Trading of MasTec
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in MasTec by 45.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,360 shares of the construction company's stock worth $1,819,000 after purchasing an additional 4,203 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of MasTec by 1.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,395 shares of the construction company's stock worth $1,824,000 after purchasing an additional 236 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of MasTec during the fourth quarter worth $3,036,000. Forum Financial Management LP grew its position in MasTec by 23.8% in the 4th quarter. Forum Financial Management LP now owns 2,019 shares of the construction company's stock valued at $275,000 after buying an additional 388 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in MasTec in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 78.10% of the company's stock.
MasTec Company Profile
(
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.
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