Citigroup Increases MasTec (NYSE:MTZ) Price Target to $350.00

MasTec (NYSE:MTZ) had its target price boosted by investment analysts at Citigroup from $284.00 to $350.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price objective suggests a potential upside of 13.98% from the company’s current price.

A number of other brokerages also recently issued reports on MTZ. Truist Financial increased their price target on MasTec from $270.00 to $356.00 and gave the stock a “buy” rating in a research report on Monday. Barclays lifted their price target on shares of MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Mizuho set a $254.00 price objective on shares of MasTec in a research report on Monday, November 3rd. TD Cowen lifted their target price on shares of MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, MasTec currently has an average rating of “Buy” and a consensus price target of $270.74.

MasTec Stock Performance

Shares of MTZ stock traded up $9.06 on Monday, hitting $307.08. The company had a trading volume of 563,429 shares, compared to its average volume of 953,471. MasTec has a twelve month low of $99.70 and a twelve month high of $310.36. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 0.65. The firm has a market cap of $24.23 billion, a P/E ratio of 60.49 and a beta of 1.94. The company has a 50-day moving average price of $246.26 and a 200-day moving average price of $216.84.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the company posted $1.44 earnings per share. MasTec’s revenue for the quarter was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities research analysts predict that MasTec will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of MasTec

Hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC raised its position in MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of MasTec in the second quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its position in shares of MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after acquiring an additional 137 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new position in MasTec during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

About MasTec

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.