JPMorgan Chase & Co. Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its price target increased by JPMorgan Chase & Co. from $471.00 to $491.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus set a $455.00 target price on shares of MasTec in a research note on Monday, May 4th. Citigroup boosted their price target on shares of MasTec from $440.00 to $483.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho boosted their price target on shares of MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group boosted their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Cantor Fitzgerald boosted their price target on shares of MasTec from $347.00 to $545.00 and gave the stock an “overweight” rating in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and an average price target of $458.06.

MasTec Trading Up 0.9%

Shares of NYSE MTZ opened at $424.10 on Wednesday. MasTec has a 1-year low of $145.46 and a 1-year high of $441.43. The company has a market cap of $33.51 billion, a PE ratio of 74.27 and a beta of 1.82. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $346.84 and a two-hundred day moving average of $271.19.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, equities analysts expect that MasTec will post 8.51 earnings per share for the current fiscal year.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director owned 10,592 shares in the company, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the transaction, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,450 shares of company stock worth $3,512,759. 21.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTZ. Migdal Insurance & Financial Holdings Ltd. acquired a new position in MasTec during the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new position in MasTec during the first quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in MasTec during the third quarter valued at approximately $49,000. CIBC Private Wealth Group LLC grew its holdings in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MasTec by 105.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock valued at $61,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Key Headlines Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Guggenheim upgraded MasTec from neutral to buy and set a $480 price target, citing an expected multi-year growth runway. MasTec upgraded at Guggenheim on expected multi-year growth runway
• Positive Sentiment: KeyCorp raised its price target to $500 and reiterated an overweight rating, signaling confidence in further upside after recent share gains. MasTec target raised by KeyCorp
• Positive Sentiment: JPMorgan also lifted its price target to $491 and kept an overweight rating, adding to the bullish analyst momentum around MTZ. MasTec target raised by JPMorgan
• Positive Sentiment: MasTec’s recent quarter showed strong demand across communications, clean energy, power delivery and pipeline infrastructure, with revenue and earnings both beating expectations and backlog rising sharply. Should You Buy, Hold or Sell MasTec Stock After Solid Q1 Results?
• Positive Sentiment: The company’s Investor Day may highlight multi-year financial targets and growth drivers, which could reinforce the bullish case if management sounds upbeat. MasTec to Host Investor Day in New York City Today at 8:45 AM ET
• Neutral Sentiment: Additional commentary from industry-focused articles reiterated MasTec’s role in grid modernization and AI data center infrastructure, but these were more thematic than company-specific catalysts. MasTec: A Great Infrastructure Story, With An Expensive Entry Price
• Neutral Sentiment: Another article flagged MasTec’s valuation as expensive, suggesting some investors may be cautious even as the growth outlook improves. MasTec: High Possibility Of Margin Compression

About MasTec

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.