MasTec (NYSE:MTZ) Given New $145.00 Price Target at Barclays

MasTec (NYSE:MTZ) had its price objective upped by equities researchers at Barclays from $130.00 to $145.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target suggests a potential upside of 13.67% from the company’s current price.

Several other research analysts have also commented on MTZ. Robert W. Baird cut their price objective on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday. JPMorgan Chase & Co. upped their price target on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Craig Hallum increased their price objective on shares of MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, November 4th. B. Riley reissued a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Finally, TD Cowen raised their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, MasTec has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

MasTec Trading Down 2.3 %

MTZ stock opened at $127.56 on Tuesday. The business has a fifty day simple moving average of $141.39 and a 200-day simple moving average of $131.88. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 113.89 and a beta of 1.73. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. MasTec has a 52 week low of $82.29 and a 52 week high of $166.95.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. On average, equities research analysts expect that MasTec will post 3.44 EPS for the current year.

Institutional Investors Weigh In On MasTec

A number of institutional investors have recently modified their holdings of MTZ. Creative Planning grew its holdings in shares of MasTec by 9.5% during the third quarter. Creative Planning now owns 2,909 shares of the construction company’s stock valued at $358,000 after purchasing an additional 253 shares during the last quarter. Private Advisor Group LLC boosted its position in MasTec by 89.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the construction company’s stock valued at $487,000 after purchasing an additional 1,869 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in MasTec during the 3rd quarter worth $84,000. Wealth Enhancement Advisory Services LLC increased its position in MasTec by 239.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,157 shares of the construction company’s stock worth $1,127,000 after buying an additional 6,462 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in MasTec by 7.4% in the third quarter. State of Alaska Department of Revenue now owns 7,013 shares of the construction company’s stock valued at $863,000 after buying an additional 485 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.