MasTec (NYSE:MTZ) Given New $110.00 Price Target at TD Cowen

MasTec (NYSE:MTZ) had its price target upped by TD Cowen from $105.00 to $110.00 in a research note published on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the construction company’s stock.

MTZ has been the subject of several other reports. Barclays lifted their price target on shares of MasTec from $55.00 to $106.00 and gave the company an overweight rating in a research note on Tuesday, March 5th. KeyCorp raised their price objective on MasTec from $92.00 to $97.00 and gave the company an overweight rating in a research note on Monday, March 4th. DA Davidson reaffirmed a buy rating and set a $70.00 target price on shares of MasTec in a research report on Monday, March 4th. The Goldman Sachs Group boosted their price target on shares of MasTec from $54.00 to $61.00 and gave the company a neutral rating in a research note on Friday, February 9th. Finally, Citigroup upped their price objective on shares of MasTec from $99.00 to $104.00 and gave the stock a buy rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $107.23.

MasTec Trading Up 0.2 %

Shares of NYSE MTZ opened at $106.03 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The firm has a fifty day simple moving average of $88.63 and a 200 day simple moving average of $73.39. MasTec has a twelve month low of $44.65 and a twelve month high of $123.33.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. On average, equities research analysts predict that MasTec will post 2.33 EPS for the current fiscal year.

Institutional Trading of MasTec

Hedge funds have recently bought and sold shares of the business. Vontobel Holding Ltd. increased its position in shares of MasTec by 16.2% during the 4th quarter. Vontobel Holding Ltd. now owns 1,036,101 shares of the construction company’s stock valued at $78,454,000 after purchasing an additional 144,180 shares during the last quarter. Vanguard Group Inc. lifted its stake in MasTec by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,970,130 shares of the construction company’s stock valued at $429,670,000 after purchasing an additional 33,592 shares during the last quarter. Oak Thistle LLC bought a new position in MasTec during the fourth quarter valued at $883,000. Nordea Investment Management AB increased its position in MasTec by 35.0% in the fourth quarter. Nordea Investment Management AB now owns 3,963,774 shares of the construction company’s stock worth $297,006,000 after buying an additional 1,027,085 shares during the last quarter. Finally, Sycomore Asset Management bought a new stake in shares of MasTec in the fourth quarter valued at $965,000. 78.10% of the stock is currently 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.