Robert W. Baird Has Lowered Expectations for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price objective lowered by analysts at Robert W. Baird from $162.00 to $153.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 17.20% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum raised their price objective on MasTec from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. TD Cowen boosted their price target on shares of MasTec from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus raised their price objective on shares of MasTec from $155.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, B. Riley reissued a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average price target of $158.57.

MasTec Stock Up 2.9 %

MasTec stock opened at $130.55 on Monday. The company has a market capitalization of $10.34 billion, a PE ratio of 116.56 and a beta of 1.73. MasTec has a 12-month low of $73.85 and a 12-month high of $166.95. The firm’s fifty day moving average is $141.60 and its 200 day moving average is $131.60. 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 (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, sell-side analysts predict that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Colonial Trust Co SC grew its stake in 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of MasTec during the 3rd quarter valued at $25,000. Finally, Smartleaf Asset Management LLC increased its position in shares of MasTec by 93.4% during 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 last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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.