MasTec, Inc. (NYSE:MTZ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MasTec, Inc. (NYSE:MTZGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $111.80.

MTZ has been the topic of a number of research analyst reports. Cowen upped their target price on shares of MasTec from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Robert W. Baird increased their target price on MasTec from $83.00 to $106.00 in a research note on Monday, August 8th. Craig Hallum lifted their target price on MasTec to $97.00 in a report on Monday, August 15th. B. Riley lifted their price target on shares of MasTec from $90.00 to $112.00 in a research report on Monday. Finally, StockNews.com lowered MasTec from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th.

MasTec Stock Up 3.9 %

Shares of MasTec stock opened at $91.55 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.50 and a current ratio of 1.57. MasTec has a 52-week low of $62.36 and a 52-week high of $102.80. The firm has a market cap of $7.16 billion, a PE ratio of 64.47 and a beta of 1.36. The business’s 50 day simple moving average is $75.74 and its 200 day simple moving average is $76.74.

MasTec (NYSE:MTZGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The construction company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.54 billion. MasTec had a net margin of 1.24% and a return on equity of 9.21%. On average, analysts predict that MasTec will post 2.82 earnings per share for the current fiscal year.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently modified their holdings of the stock. Townsend Asset Management Corp NC ADV boosted its stake in shares of MasTec by 0.3% during the third quarter. Townsend Asset Management Corp NC ADV now owns 40,104 shares of the construction company’s stock valued at $2,547,000 after purchasing an additional 134 shares in the last quarter. Covestor Ltd raised its stake in shares of MasTec by 40.1% during the first quarter. Covestor Ltd now owns 507 shares of the construction company’s stock valued at $44,000 after acquiring an additional 145 shares during the last quarter. B. Riley Wealth Management Inc. lifted its holdings in shares of MasTec by 3.0% during the second quarter. B. Riley Wealth Management Inc. now owns 5,157 shares of the construction company’s stock worth $370,000 after purchasing an additional 152 shares during the period. Stephens Inc. AR raised its position in MasTec by 5.7% during the 1st quarter. Stephens Inc. AR now owns 2,954 shares of the construction company’s stock worth $257,000 after purchasing an additional 160 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of MasTec by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 35,644 shares of the construction company’s stock valued at $2,554,000 after buying an additional 181 shares during the last quarter. Institutional investors own 71.56% of the company’s stock.

About MasTec

(Get Rating)

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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.

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Analyst Recommendations for MasTec (NYSE:MTZ)

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