MasTec (NYSE:MTZ) Price Target Raised to $167.00

MasTec (NYSE:MTZ) had its price objective boosted by Citigroup from $156.00 to $167.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

MTZ has been the subject of a number of other reports. KeyCorp upped their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Guggenheim initiated coverage on MasTec in a research note on Wednesday, January 8th. They set a “buy” rating and a $195.00 price objective for the company. Robert W. Baird decreased their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their price target on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Finally, TD Cowen increased their price target on MasTec from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.14.

MasTec Stock Performance

MTZ stock opened at $128.03 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $10.14 billion, a P/E ratio of 114.31 and a beta of 1.73. MasTec has a 12-month low of $82.29 and a 12-month high of $166.95. The stock’s 50 day simple moving average is $141.10 and its 200 day simple moving average is $131.97.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. As a group, equities research analysts predict that MasTec will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec during the third quarter valued at $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of MasTec during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 141 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

About MasTec

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.