Brokerages Set MasTec, Inc. (NYSE:MTZ) PT at $238.16

MasTec, Inc. (NYSE:MTZ) has been given an average recommendation of “Buy” by the twenty-one research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $243.3684.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. Wolfe Research reiterated an “outperform” rating and set a $326.00 target price on shares of MasTec in a report on Monday. Truist Financial boosted their target price on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Wall Street Zen raised MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, Barclays lifted their price objective on MasTec from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 23rd.

Institutional Investors Weigh In On MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC boosted its stake in MasTec by 344.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Caldwell Trust Co bought a new stake in shares of MasTec in the second quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of MasTec during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust grew its holdings in shares of MasTec by 253.7% during the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in MasTec in the 2nd quarter valued at approximately $43,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

MasTec Trading Up 2.7%

NYSE MTZ opened at $297.81 on Monday. MasTec has a 12 month low of $99.70 and a 12 month high of $300.00. The stock has a 50-day simple moving average of $246.26 and a 200 day simple moving average of $216.84. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $23.50 billion, a PE ratio of 58.74 and a beta of 1.94.

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, topping the consensus estimate of $1.94 by $0.13. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.71 billion. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Research analysts forecast that MasTec will post 3.44 EPS for the current year.

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.