Analysts Set MasTec, Inc. (MTZ) PT at $60.58

Shares of MasTec, Inc. (NYSE:MTZ) have earned an average recommendation of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $60.58.

Several equities research analysts have recently issued reports on MTZ shares. ValuEngine upgraded shares of MasTec from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Canaccord Genuity restated a “buy” rating and issued a $65.00 target price on shares of MasTec in a report on Thursday, March 1st. B. Riley raised their target price on shares of MasTec from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Craig Hallum restated a “buy” rating and issued a $69.00 target price (up previously from $64.00) on shares of MasTec in a report on Thursday, March 1st. Finally, DA Davidson lifted their price objective on shares of MasTec to $65.00 and gave the company a “buy” rating in a report on Thursday, March 1st.

MasTec opened at $50.70 on Monday, Marketbeat.com reports. The stock has a market capitalization of $4.12 billion, a PE ratio of 18.57, a PEG ratio of 1.03 and a beta of 1.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.82 and a quick ratio of 1.74. MasTec has a 12-month low of $38.40 and a 12-month high of $55.53.

MasTec (NYSE:MTZ) last released its earnings results on Monday, April 30th. The construction company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.14. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.24 billion. MasTec had a net margin of 4.86% and a return on equity of 15.48%. The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. research analysts forecast that MasTec will post 3.56 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MTZ. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MasTec by 53.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock valued at $166,000 after buying an additional 1,175 shares in the last quarter. Aperio Group LLC lifted its holdings in MasTec by 31.1% during the 4th quarter. Aperio Group LLC now owns 22,642 shares of the construction company’s stock valued at $1,108,000 after buying an additional 5,377 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in MasTec by 315.0% during the 4th quarter. Teacher Retirement System of Texas now owns 22,615 shares of the construction company’s stock valued at $1,107,000 after buying an additional 17,165 shares in the last quarter. California Public Employees Retirement System increased its position in MasTec by 10.0% during the 4th quarter. California Public Employees Retirement System now owns 170,237 shares of the construction company’s stock valued at $8,333,000 after purchasing an additional 15,508 shares during the period. Finally, Swiss National Bank increased its position in MasTec by 2.3% during the 4th quarter. Swiss National Bank now owns 112,800 shares of the construction company’s stock valued at $5,522,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 80.14% of the company’s stock.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

Analyst Recommendations for MasTec (NYSE:MTZ)

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