MasTec, Inc. (NYSE:MTZ) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

MasTec, Inc. (NYSE:MTZ – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $389.80.

Several analysts have commented on MTZ shares. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. TD Cowen decreased their price target on MasTec from $420.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, October 5th. The Goldman Sachs Group lowered their price target on MasTec from $508.00 to $409.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Stifel Nicolaus dropped their price objective on MasTec from $376.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday.

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Hedge Funds Weigh In On MasTec

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in MasTec during the second quarter valued at approximately $3,178,069,000. Victory Capital Management Inc. raised its position in MasTec by 178.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after acquiring an additional 1,690,896 shares during the period. Hill City Capital LP bought a new position in MasTec in the second quarter worth approximately $896,609,300. First Trust Advisors LP raised its position in MasTec by 7.6% in the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after acquiring an additional 100,151 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of MasTec during the 2nd quarter worth $555,825,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 2.7%

Shares of NYSE MTZ opened at $206.92 on Tuesday. The firm’s 50 day moving average price is $240.88 and its 200-day moving average price is $323.05. The company has a market cap of $16.62 billion, a PE ratio of 33.00 and a beta of 1.84. MasTec has a 52-week low of $182.34 and a 52-week high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The company’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. On average, equities research analysts expect that MasTec will post 8.87 EPS for the current fiscal year.

MasTec Company Profile

(Get Free Report)

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.

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