B. Riley Increases MasTec (NYSE:MTZ) Price Target to $114.00

MasTec (NYSE:MTZ – Get Rating) had its target price raised by B. Riley from $112.00 to $114.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the construction company’s stock. B. Riley’s target price points to a potential upside of 12.75% from the company’s current price.

A number of other equities research analysts have also issued reports on MTZ. Barclays upped their price target on MasTec from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. Cowen dropped their price target on MasTec from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, December 27th. StockNews.com upgraded MasTec from a “sell” rating to a “hold” rating in a research report on Friday, January 20th. Cowen dropped their price target on MasTec from $125.00 to $120.00 in a research report on Tuesday, December 27th. Finally, Credit Suisse Group dropped their price target on MasTec from $122.00 to $121.00 and set an “outperform” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

MasTec Price Performance

NYSE:MTZ opened at $101.11 on Tuesday. MasTec has a 12 month low of $62.36 and a 12 month high of $102.58. The stock has a 50 day moving average of $94.01 and a two-hundred day moving average of $85.50. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The firm has a market cap of $7.95 billion, a P/E ratio of 240.74 and a beta of 1.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new stake in shares of MasTec in the fourth quarter valued at $26,000. Pinebridge Investments L.P. acquired a new stake in shares of MasTec in the fourth quarter valued at $27,000. Exchange Traded Concepts LLC acquired a new stake in shares of MasTec in the fourth quarter valued at $27,000. Ronald Blue Trust Inc. acquired a new stake in shares of MasTec in the second quarter valued at $29,000. Finally, Huntington National Bank raised its stake in shares of MasTec by 54.5% in the fourth quarter. Huntington National Bank now owns 411 shares of the construction company’s stock valued at $35,000 after acquiring an additional 145 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

MasTec Company Profile

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MasTec, Inc engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers.