MasTec (NYSE:MTZ) Rating Increased to Strong-Buy at B. Riley

B. Riley upgraded shares of MasTec (NYSE:MTZ) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports. B. Riley also issued estimates for MasTec’s Q1 2025 earnings at $0.26 EPS and FY2026 earnings at $5.97 EPS.

A number of other analysts have also recently commented on MTZ. Truist Financial lifted their target price on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. KeyCorp lifted their target price on shares of MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Guggenheim began coverage on shares of MasTec in a research note on Wednesday, January 8th. They issued a “buy” rating and a $195.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MasTec currently has a consensus rating of “Moderate Buy” and an average target price of $160.07.

MasTec Stock Up 3.7 %

Shares of MasTec stock opened at $125.97 on Tuesday. The firm’s 50 day moving average price is $136.38 and its 200-day moving average price is $132.44. 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 cap of $9.99 billion, a P/E ratio of 112.47 and a beta of 1.74.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.32 billion. On average, sell-side analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Hedge Funds Weigh In On MasTec

Several large investors have recently made changes to their positions in MTZ. Wilmington Savings Fund Society FSB acquired a new position in shares of MasTec in the 3rd quarter valued at $25,000. Ameliora Wealth Management Ltd. acquired a new position in shares of MasTec in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Colonial Trust Co SC lifted its stake in shares of MasTec by 335.7% in the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after purchasing an additional 128 shares during the period. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Company Profile

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.