MasTec (NYSE:MTZ) Receives “Buy” Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of MasTec (NYSE:MTZ) in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a $165.00 target price on the construction company’s stock, up from their previous target price of $151.00. B. Riley also issued estimates for MasTec’s Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $2.12 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $4.99 EPS and FY2026 earnings at $5.97 EPS.

A number of other research firms have also commented on MTZ. Citigroup lifted their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Stifel Nicolaus decreased their price objective on MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Truist Financial increased their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays lifted their price objective 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. Finally, Robert W. Baird lowered their target price on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Stock Down 2.1 %

NYSE MTZ opened at $123.89 on Wednesday. The stock has a market capitalization of $9.82 billion, a P/E ratio of 110.61 and a beta of 1.74. MasTec has a 52 week low of $82.29 and a 52 week high of $166.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a fifty day moving average of $135.56 and a 200-day moving average of $132.48.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. On average, equities research analysts forecast that MasTec will post 3.44 EPS for the current year.

Institutional Investors Weigh In On MasTec

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock worth $278,312,000 after purchasing an additional 895,227 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of MasTec during the fourth quarter worth about $59,910,000. First Trust Advisors LP grew its holdings in shares of MasTec by 173.8% during the fourth quarter. First Trust Advisors LP now owns 587,788 shares of the construction company’s stock worth $80,021,000 after buying an additional 373,145 shares in the last quarter. Balyasny Asset Management L.P. raised its position in MasTec by 137.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company’s stock valued at $85,451,000 after buying an additional 363,502 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in MasTec in the 4th quarter valued at approximately $46,612,000. 78.10% of the stock is owned by institutional investors.

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.