MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of “Moderate Buy” from Analysts

MasTec, Inc. (NYSE:MTZ) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $160.14.

MTZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Citigroup boosted their price target on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays boosted their price target on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. KeyCorp boosted their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, 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 report on Monday, March 3rd.

Institutional Trading of MasTec

Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of MasTec by 65.6% during the third quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock worth $278,312,000 after purchasing an additional 895,227 shares in the last quarter. State Street Corp increased its position in shares of MasTec by 1.4% during the third quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock worth $224,530,000 after purchasing an additional 24,522 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of MasTec by 3.5% during the fourth quarter. Hood River Capital Management LLC now owns 1,531,104 shares of the construction company’s stock worth $208,444,000 after purchasing an additional 51,531 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MasTec by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after purchasing an additional 16,844 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of MasTec by 13.3% during the fourth quarter. AQR Capital Management LLC now owns 779,472 shares of the construction company’s stock worth $106,117,000 after purchasing an additional 91,564 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Trading Down 3.0 %

MasTec stock opened at $115.33 on Monday. 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. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 102.97 and a beta of 1.74. The stock has a 50-day moving average price of $140.09 and a 200 day moving average price of $132.15.

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

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.