MasTec (NYSE:MTZ) Given “Buy” Rating at Guggenheim

MasTec (NYSE:MTZ)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a report released on Tuesday,Benzinga reports. They presently have a $195.00 target price on the construction company’s stock. Guggenheim’s price target suggests a potential upside of 50.19% from the company’s current price.

Several other research analysts have also weighed in on MTZ. Citigroup lifted their target price on MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays increased their target price on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price target on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, KeyCorp increased their price target on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average target price of $160.07.

MasTec Trading Down 1.4 %

Shares of MTZ traded down $1.85 on Tuesday, reaching $129.84. 69,758 shares of the company’s stock were exchanged, compared to its average volume of 1,195,458. The business has a 50 day moving average price of $135.32 and a two-hundred day moving average price of $133.09. MasTec has a 12 month low of $82.29 and a 12 month high of $166.95. The stock has a market capitalization of $10.29 billion, a P/E ratio of 115.93 and a beta of 1.74. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last posted 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 return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. Research analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Institutional Investors Weigh In On MasTec

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in shares of MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company’s stock valued at $81,000 after buying an additional 78 shares during the period. Arizona State Retirement System raised its stake in shares of MasTec by 0.5% during the fourth quarter. Arizona State Retirement System now owns 18,393 shares of the construction company’s stock valued at $2,504,000 after acquiring an additional 89 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of MasTec by 2.8% during the third quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock valued at $423,000 after acquiring an additional 94 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of MasTec by 0.8% during the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after purchasing an additional 101 shares during the period. Finally, Fielder Capital Group LLC increased its holdings in MasTec by 6.1% in the fourth quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company’s stock valued at $247,000 after purchasing an additional 105 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.