MasTec, Inc. (NYSE:MTZ – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $148.62.
MTZ has been the subject of several recent research reports. Truist Financial raised shares of MasTec from a “hold” rating to a “buy” rating and raised their price target for the company from $133.00 to $173.00 in a research report on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. TD Cowen upped their price target on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 4th. KeyCorp lifted their price objective on MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Craig Hallum boosted their price objective on MasTec from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.
Read Our Latest Stock Report on MTZ
Insider Activity
Institutional Investors Weigh In On MasTec
Several hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its position in MasTec by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after purchasing an additional 82 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of MasTec by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 26,557 shares of the construction company’s stock valued at $3,269,000 after buying an additional 100 shares during the period. Victory Capital Management Inc. boosted its stake in shares of MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock valued at $1,583,000 after buying an additional 101 shares in the last quarter. UMB Bank n.a. grew its holdings in MasTec by 46.3% during the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock worth $47,000 after acquiring an additional 120 shares during the period. Finally, Blue Trust Inc. raised its position in MasTec by 32.6% in the second quarter. Blue Trust Inc. now owns 561 shares of the construction company’s stock worth $60,000 after acquiring an additional 138 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.
MasTec Stock Up 2.4 %
Shares of MTZ opened at $144.89 on Tuesday. The company’s 50-day simple moving average is $122.03 and its 200-day simple moving average is $111.77. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec has a 1 year low of $47.02 and a 1 year high of $145.74. The stock has a market capitalization of $11.48 billion, a PE ratio of 129.37 and a beta of 1.70.
About MasTec
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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