Brokerages Set MasTec, Inc. (NYSE:MTZ) Price Target at $422.00

Shares of MasTec, Inc. (NYSE:MTZ) have earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $422.00.

Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Citigroup reduced their target price on shares of MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Piper Sandler assumed coverage on shares of MasTec in a report on Tuesday, September 8th. They issued an “overweight” rating and a $321.00 target price for the company. Guggenheim upped their price target on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, CICC Research began coverage on shares of MasTec in a research report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 price objective on the stock.

MasTec Stock Down 8.0%

Shares of NYSE MTZ opened at $207.68 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec has a 12-month low of $182.34 and a 12-month high of $441.43. The firm’s 50-day moving average price is $280.62 and its 200-day moving average price is $333.38. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 33.12 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The company’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, equities research analysts anticipate that MasTec will post 8.9 EPS for the current fiscal year.

Institutional Investors Weigh In On MasTec

Several hedge funds and other institutional investors have recently modified their holdings of the business. Earned Wealth Advisors LLC grew its stake in shares of MasTec by 2.8% in the first quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company’s stock worth $326,000 after acquiring an additional 28 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in MasTec by 5.4% in the second quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company’s stock valued at $364,000 after purchasing an additional 45 shares during the period. Motley Fool Asset Management LLC grew its stake in MasTec by 3.7% during the 4th 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 in the last quarter. Williamson Legacy Group LLC grew its stake in MasTec by 0.9% during the 4th quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in MasTec by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 13,723 shares of the construction company’s stock worth $2,983,000 after purchasing an additional 58 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.