MasTec, Inc. (NYSE:MTZ) has earned an average rating of “Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $55.60.
A number of research firms have recently commented on MTZ. ValuEngine lowered MasTec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. B. Riley reiterated a “buy” rating and issued a $67.00 price objective (up from $66.00) on shares of MasTec in a research note on Tuesday, November 7th. Credit Suisse Group lifted their price objective on MasTec from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Robert W. Baird upgraded MasTec from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $51.00 to $53.00 in a research note on Monday, November 6th. Finally, Citigroup set a $54.00 price objective on MasTec and gave the stock a “buy” rating in a research note on Friday, October 27th.
Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MasTec by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock valued at $100,000 after acquiring an additional 229 shares during the period. SG Americas Securities LLC bought a new position in MasTec during the second quarter valued at about $102,000. Global X Management Co. LLC increased its stake in MasTec by 220.7% during the second quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,799 shares during the period. Creative Planning increased its stake in MasTec by 16.4% during the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after acquiring an additional 379 shares during the period. Finally, Advisory Services Network LLC increased its stake in MasTec by 13.1% during the second quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock valued at $167,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 73.23% of the company’s stock.
Shares of MasTec (NYSE:MTZ) traded down $0.50 during trading hours on Thursday, hitting $46.00. The company’s stock had a trading volume of 1,502,611 shares, compared to its average volume of 898,271. MasTec has a 12 month low of $34.33 and a 12 month high of $49.50. The firm has a market capitalization of $3,724.23, a PE ratio of 14.95, a P/E/G ratio of 1.21 and a beta of 1.53. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.
MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. equities analysts forecast that MasTec will post 2.65 earnings per share for the current fiscal year.
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MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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