MasTec, Inc. (NYSE:MTZ) has been assigned a consensus rating of “Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $55.60.
A number of equities analysts have weighed in on the stock. Credit Suisse Group upped their price target on shares of MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. B. Riley reiterated a “buy” rating and issued a $67.00 price target (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, August 8th. Robert W. Baird raised shares of MasTec from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $53.00 in a report on Monday, November 6th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $55.00 target price on shares of MasTec in a report on Tuesday, August 15th.
MasTec (MTZ) traded down $0.20 on Friday, hitting $42.90. 566,900 shares of the company’s stock were exchanged, compared to its average volume of 1,169,169. The company has a market capitalization of $3,550.45, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.16 and a beta of 1.54. MasTec has a fifty-two week low of $33.30 and a fifty-two week high of $49.50. The company has a current ratio of 1.74, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92.
MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.66 billion. MasTec had a net margin of 3.78% and a return on equity of 20.67%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. equities research analysts expect that MasTec will post 2.65 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of MasTec by 19.5% in the third quarter. Wells Fargo & Company MN now owns 805,192 shares of the construction company’s stock valued at $37,360,000 after acquiring an additional 131,557 shares during the period. Trexquant Investment LP purchased a new stake in shares of MasTec in the third quarter valued at $231,000. Legal & General Group Plc raised its stake in shares of MasTec by 4.5% in the third quarter. Legal & General Group Plc now owns 70,786 shares of the construction company’s stock valued at $3,287,000 after acquiring an additional 3,076 shares during the period. ETRADE Capital Management LLC purchased a new stake in shares of MasTec in the third quarter valued at $1,257,000. Finally, Three Peaks Capital Management LLC raised its stake in shares of MasTec by 94.8% in the third quarter. Three Peaks Capital Management LLC now owns 132,308 shares of the construction company’s stock valued at $6,139,000 after acquiring an additional 64,398 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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