MasTec (NYSE:MTZ) Stock Gets Price Target Trim from Citigroup

MasTec (NYSE:MTZ) had its target price reduced by Citigroup from $408.00 to $308.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also weighed in on MTZ. Robert W. Baird dropped their price objective on shares of MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Zacks Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Stifel Nicolaus decreased their target price on MasTec from $376.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Guggenheim upped their target price on MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Barclays dropped their price target on MasTec from $340.00 to $320.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $365.10.

MasTec Stock Up 0.0%

MTZ stock opened at $171.13 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec has a 1-year low of $164.31 and a 1-year high of $441.43. The firm has a fifty day moving average price of $225.03 and a two-hundred day moving average price of $314.38. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 27.29 and a beta of 1.84.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). MasTec had a return on equity of 18.08% and a net margin of 3.07%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Research analysts predict that MasTec will post 8.87 EPS for the current year.

Institutional Trading of MasTec

Several hedge funds have recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC raised its holdings in shares of MasTec by 2.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock valued at $326,000 after acquiring an additional 28 shares in the last quarter. Everhart Financial Group Inc. increased its stake in MasTec by 5.4% in the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after acquiring an additional 45 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in MasTec by 40.7% in the third quarter. Armstrong Advisory Group Inc. now owns 197 shares of the construction company’s stock valued at $42,000 after acquiring an additional 57 shares during the last quarter. Parallel Advisors LLC raised its position in MasTec by 21.0% during the first quarter. Parallel Advisors LLC now owns 340 shares of the construction company’s stock valued at $109,000 after purchasing an additional 59 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in MasTec by 25.4% during the first quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock valued at $100,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 78.10% of the company’s stock.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.