MasTec (NYSE:MTZ) PT Raised to $113.00

MasTec (NYSE:MTZ) had its price target boosted by KeyCorp from $104.00 to $113.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MTZ has been the topic of a number of other reports. Craig Hallum raised MasTec from a hold rating to a buy rating and raised their price target for the company from $50.00 to $96.00 in a report on Monday, March 4th. Citigroup raised their price target on MasTec from $99.00 to $104.00 and gave the company a buy rating in a report on Monday, April 22nd. TD Cowen raised their price target on MasTec from $105.00 to $110.00 and gave the company a buy rating in a report on Monday. Barclays raised their price target on MasTec from $55.00 to $106.00 and gave the company an overweight rating in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group raised their price target on MasTec from $54.00 to $61.00 and gave the company a neutral rating in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, MasTec presently has a consensus rating of Moderate Buy and an average target price of $111.08.

MasTec Price Performance

NYSE MTZ opened at $105.55 on Monday. The company has a market capitalization of $8.39 billion, a PE ratio of -753.93 and a beta of 1.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.27 and a current ratio of 1.31. The business’s fifty day moving average is $90.47 and its 200 day moving average is $74.14. MasTec has a fifty-two week low of $44.65 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.37 by $0.20. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.26 billion. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. Sell-side analysts predict that MasTec will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On MasTec

Large investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in MasTec by 2.3% during the third quarter. Raymond James & Associates now owns 86,771 shares of the construction company’s stock worth $6,245,000 after acquiring an additional 1,912 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MasTec by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 537,773 shares of the construction company’s stock worth $38,704,000 after acquiring an additional 5,059 shares during the last quarter. Castleview Partners LLC increased its stake in MasTec by 1,250.0% during the third quarter. Castleview Partners LLC now owns 1,350 shares of the construction company’s stock worth $97,000 after acquiring an additional 1,250 shares during the last quarter. Strs Ohio increased its stake in MasTec by 30.1% during the third quarter. Strs Ohio now owns 17,859 shares of the construction company’s stock worth $1,285,000 after acquiring an additional 4,137 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in MasTec by 9.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 415,190 shares of the construction company’s stock worth $29,881,000 after acquiring an additional 35,997 shares during the last quarter. 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.