MasTec (NYSE:MTZ) PT Raised to $120.00

MasTec (NYSE:MTZ) had its price target hoisted by investment analysts at B. Riley from $104.00 to $120.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. B. Riley’s target price suggests a potential upside of 13.56% from the stock’s previous close.

MTZ has been the subject of several other reports. TD Cowen boosted their target price on shares of MasTec from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group upped their target price on MasTec from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Robert W. Baird raised their target price on MasTec from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Monday. UBS Group boosted their price target on MasTec from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, KeyCorp upped their price objective on MasTec from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and a consensus price target of $111.08.

MasTec Price Performance

MasTec stock opened at $105.67 on Monday. The firm has a market cap of $8.40 billion, a PE ratio of -754.79 and a beta of 1.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The stock’s fifty day moving average price is $89.26 and its two-hundred day moving average price is $73.70. MasTec has a one year low of $44.65 and a one year high of $123.33.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. As a group, research analysts expect that MasTec will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of MasTec during the fourth quarter valued at $37,000. Headlands Technologies LLC bought a new position in MasTec during the 3rd quarter worth $41,000. Itau Unibanco Holding S.A. acquired a new position in MasTec during the 3rd quarter worth about $43,000. CWM LLC grew its position in shares of MasTec by 59.4% in the 4th quarter. CWM LLC now owns 837 shares of the construction company’s stock valued at $63,000 after buying an additional 312 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of MasTec by 30.9% in the fourth quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock valued at $68,000 after buying an additional 212 shares during the period. 78.10% of the stock is owned by institutional investors.

MasTec Company Profile

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.