MasTec (NYSE:MTZ) Upgraded at B. Riley

B. Riley upgraded shares of MasTec (NYSE:MTZ) to a strong-buy rating in a research note released on Tuesday,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 research analysts have also commented on the company. Citigroup upped their price objective on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Robert W. Baird lowered their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price target on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, KeyCorp increased their price target on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Price Performance

Shares of MTZ opened at $126.75 on Tuesday. The company’s 50-day moving average is $135.98 and its 200-day moving average is $132.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market capitalization of $10.05 billion, a PE ratio of 113.17 and a beta of 1.74. MasTec has a fifty-two week low of $82.29 and a fifty-two week high of $166.95.

MasTec (NYSE:MTZ) last released its quarterly earnings results 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. 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 analysts’ expectations of $3.32 billion. Equities analysts forecast that MasTec will post 3.44 EPS for the current year.

Institutional Investors Weigh In On MasTec

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in MasTec by 15.1% in the 4th quarter. Allworth Financial LP now owns 596 shares of the construction company’s stock valued at $81,000 after purchasing an additional 78 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock valued at $281,000 after acquiring an additional 82 shares in the last quarter. Arizona State Retirement System grew its position in MasTec by 0.5% during the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company’s stock worth $2,504,000 after acquiring an additional 89 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in MasTec by 2.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,425 shares of the construction company’s stock worth $423,000 after purchasing an additional 94 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in MasTec by 0.8% in the third quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock valued at $1,583,000 after purchasing an additional 101 shares during the last quarter. 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.