B. Riley Reaffirms “Buy” Rating for MasTec (NYSE:MTZ)

MasTec (NYSE:MTZ)‘s stock had its “buy” rating restated by stock analysts at B. Riley in a research report issued on Wednesday,Benzinga reports. They currently have a $165.00 target price on the construction company’s stock, up from their prior target price of $151.00. B. Riley’s price objective would suggest a potential upside of 30.18% from the company’s previous close. 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 research firms also recently weighed in on MTZ. Citigroup increased their price target on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. KeyCorp increased their price target 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. Truist Financial increased their price target 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. Robert W. Baird cut their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, Guggenheim started coverage on shares of MasTec in a research note on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

MasTec Stock Performance

Shares of MTZ opened at $126.75 on Wednesday. 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 company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 113.17 and a beta of 1.74. The company’s 50 day simple moving average is $135.98 and its 200 day simple moving average is $132.40. MasTec has a 1 year low of $82.29 and a 1 year high of $166.95.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. The business 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, sell-side analysts predict that MasTec will post 3.44 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new position in MasTec during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Colonial Trust Co SC boosted its stake in MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in MasTec during the 3rd quarter valued at $25,000. Finally, Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 128 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

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.