Analysts Set MasTec, Inc. (NYSE:MTZ) Target Price at $93.58

Shares of MasTec, Inc. (NYSE:MTZGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $93.58.

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of MasTec from $106.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Robert W. Baird cut shares of MasTec from an “outperform” rating to a “neutral” rating and upped their target price for the company from $57.00 to $75.00 in a research report on Tuesday, January 16th. The Goldman Sachs Group cut shares of MasTec from a “buy” rating to a “neutral” rating and decreased their target price for the company from $119.00 to $54.00 in a research report on Wednesday, November 8th. Stifel Nicolaus upped their target price on shares of MasTec from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, UBS Group upped their target price on shares of MasTec from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, February 2nd.

Check Out Our Latest Research Report on MasTec

Hedge Funds Weigh In On MasTec

Several hedge funds and other institutional investors have recently bought and sold shares of MTZ. Raymond James Financial Services Advisors Inc. lifted its position in MasTec by 6.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,281 shares of the construction company’s stock worth $1,331,000 after acquiring an additional 940 shares in the last quarter. Citigroup Inc. lifted its position in MasTec by 139.8% during the 1st quarter. Citigroup Inc. now owns 48,537 shares of the construction company’s stock worth $4,228,000 after acquiring an additional 28,295 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in MasTec by 121.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the construction company’s stock worth $360,000 after purchasing an additional 2,260 shares during the last quarter. Bank of Montreal Can increased its holdings in MasTec by 97.1% during the 1st quarter. Bank of Montreal Can now owns 30,573 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 15,061 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in MasTec by 37.2% during the 1st quarter. MetLife Investment Management LLC now owns 38,037 shares of the construction company’s stock worth $3,313,000 after purchasing an additional 10,310 shares during the last quarter. 72.90% of the stock is owned by institutional investors and hedge funds.

MasTec Price Performance

NYSE:MTZ opened at $69.02 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.44 and a quick ratio of 1.39. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of -109.56 and a beta of 1.57. The company has a 50 day moving average price of $69.22 and a 200-day moving average price of $75.30. MasTec has a 1-year low of $44.65 and a 1-year high of $123.33.

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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Analyst Recommendations for MasTec (NYSE:MTZ)

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