MasTec (NYSE:MTZ) Stock Rating Upgraded by B. Riley

MasTec (NYSE:MTZ) was upgraded by analysts at B. Riley to a “strong-buy” rating in a research note issued 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.

Several other analysts have also commented on MTZ. Robert W. Baird decreased their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. KeyCorp raised their target price on shares of MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Truist Financial upped their price target on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Barclays raised their price objective on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Citigroup upped their target price on MasTec from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.07.

MasTec Stock Up 3.7 %

NYSE:MTZ opened at $125.97 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec has a 1-year low of $82.29 and a 1-year high of $166.95. The company has a 50-day moving average of $136.38 and a 200 day moving average of $132.44. The firm has a market cap of $9.99 billion, a PE ratio of 112.47 and a beta of 1.74.

MasTec (NYSE:MTZ) last released its quarterly earnings data 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 firm 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%. As a group, research analysts anticipate that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Atria Investments Inc acquired a new stake in shares of MasTec in the third quarter valued at about $302,000. Victory Capital Management Inc. boosted its holdings in MasTec by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 12,858 shares of the construction company’s stock worth $1,583,000 after buying an additional 101 shares during the last quarter. CIBC Asset Management Inc increased its stake in MasTec by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,280 shares of the construction company’s stock worth $281,000 after buying an additional 82 shares in the last quarter. Quest Partners LLC increased its stake in MasTec by 360,900.0% during the 3rd quarter. Quest Partners LLC now owns 7,220 shares of the construction company’s stock worth $889,000 after buying an additional 7,218 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in shares of MasTec by 13.4% during the third quarter. Caprock Group LLC now owns 2,999 shares of the construction company’s stock valued at $369,000 after acquiring an additional 354 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other 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.