Shares of MasTec, Inc. (NYSE:MTZ – Get Free Report) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $427.3158.
A number of analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research report on Monday, May 4th. Citigroup dropped their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen cut shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Mizuho decreased their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Finally, B. Riley Financial reissued a “buy” rating on shares of MasTec in a research report on Monday, May 4th.
Read Our Latest Research Report on MTZ
Insider Buying and Selling
Institutional Investors Weigh In On MasTec
A number of institutional investors have recently made changes to their positions in MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new stake in MasTec during the 1st quarter worth approximately $30,000. Bell Investment Advisors Inc acquired a new stake in MasTec during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC boosted its stake in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the period. Finally, Solstein Capital LLC bought a new stake in MasTec in the 2nd quarter valued at $58,000. Institutional investors own 78.10% of the company’s stock.
MasTec Price Performance
Shares of NYSE MTZ opened at $297.79 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. The business has a 50-day moving average of $345.18 and a 200-day moving average of $336.43. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.82. MasTec has a fifty-two week low of $167.66 and a fifty-two week high of $441.43.
MasTec (NYSE:MTZ – Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $1.49 earnings per share. MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, sell-side analysts predict that MasTec will post 8.91 earnings per share for the current fiscal year.
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.
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