MasTec, Inc. (NYSE:MTZ) Receives $238.16 Consensus Target Price from Analysts

MasTec, Inc. (NYSE:MTZ) has received a consensus rating of “Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $238.1579.

A number of research firms recently issued reports on MTZ. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Stifel Nicolaus increased their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Guggenheim reiterated a “neutral” rating and set a $215.00 price target on shares of MasTec in a report on Wednesday, October 15th. Mizuho set a $254.00 price objective on MasTec in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of MasTec from $214.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th.

MasTec Stock Performance

NYSE:MTZ opened at $240.80 on Thursday. The business’s 50-day moving average price is $225.72 and its two-hundred day moving average price is $204.49. The stock has a market cap of $19.00 billion, a P/E ratio of 57.20 and a beta of 1.91. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.69. MasTec has a twelve month low of $99.70 and a twelve month high of $250.99.

Insider Buying and Selling

In other news, CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $206.15, for a total transaction of $397,663.35. Following the completion of the sale, the chief accounting officer owned 9,757 shares of the company’s stock, valued at $2,011,405.55. The trade was a 16.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 21.30% of the company’s stock.

Institutional Trading of MasTec

Several institutional investors and hedge funds have recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in shares of MasTec by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock worth $636,000 after acquiring an additional 43 shares during the last quarter. Versant Capital Management Inc increased its position in MasTec by 4.9% during the third quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock valued at $232,000 after acquiring an additional 51 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in MasTec by 3.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,738 shares of the construction company’s stock valued at $370,000 after purchasing an additional 53 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of MasTec by 0.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 14,882 shares of the construction company’s stock worth $3,461,000 after buying an additional 54 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in MasTec by 1.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,081 shares of the construction company’s stock valued at $868,000 after acquiring an additional 55 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.