MasTec (NYSE:MTZ) Price Target Raised to $347.00

MasTec (NYSE:MTZ) had its price target upped by investment analysts at Cantor Fitzgerald from $274.00 to $347.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 13.00% from the stock’s previous close.

Several other equities analysts have also recently issued reports on MTZ. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. Citigroup lifted their price target on MasTec from $248.00 to $284.00 and gave the company a “buy” rating in a research report on Monday, January 26th. TD Cowen upped their price objective on MasTec from $225.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their price objective on shares of MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, KeyCorp lifted their target price on shares of MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, MasTec presently has an average rating of “Buy” and an average target price of $270.74.

MasTec Stock Performance

NYSE:MTZ traded up $9.06 during midday trading on Monday, hitting $307.08. The company’s stock had a trading volume of 563,429 shares, compared to its average volume of 953,471. The firm has a market cap of $24.23 billion, a P/E ratio of 60.49 and a beta of 1.94. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $310.36. The firm’s 50 day moving average is $246.26 and its 200-day moving average is $216.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Equities analysts anticipate that MasTec will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of MasTec

Institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP raised its position in shares of MasTec by 3.8% during the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock worth $226,000 after purchasing an additional 38 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in MasTec by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,927 shares of the construction company’s stock valued at $636,000 after buying an additional 43 shares in the last quarter. Motley Fool Asset Management LLC increased its position in MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company’s stock worth $285,000 after purchasing an additional 47 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MasTec by 4.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,092 shares of the construction company’s stock worth $232,000 after buying an additional 51 shares during the last quarter. Finally, Williamson Legacy Group LLC increased its stake in MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

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.