MasTec, Inc. (NYSE:MTZ) Stock Has Average Price Target of $414.20

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $401.45.

A number of equities analysts recently issued reports on MTZ shares. Zacks Research lowered shares of MasTec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Cantor Fitzgerald raised their price target on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Citigroup dropped their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Morgan Stanley set a $369.00 target price on shares of MasTec in a research note on Friday, July 31st. Finally, Stifel Nicolaus reduced their target price on shares of MasTec from $376.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday.

Institutional Trading of MasTec

A number of hedge funds have recently modified their holdings of MTZ. TFR Capital LLC. acquired a new stake in MasTec in the 2nd quarter valued at $1,978,000. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in MasTec by 93.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,229 shares of the construction company’s stock worth $5,504,000 after acquiring an additional 6,400 shares in the last quarter. Bruni J V & Co. Co. acquired a new position in MasTec during the second quarter worth $6,708,968. Pinnbrook Capital Management LP bought a new position in shares of MasTec during the second quarter valued at $11,335,000. Finally, Bank of America Corp DE bought a new position in shares of MasTec during the second quarter valued at $555,825,000. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

NYSE MTZ opened at $216.49 on Tuesday. The stock has a 50-day simple moving average of $243.01 and a 200 day simple moving average of $324.56. MasTec has a twelve month low of $182.34 and a twelve month high of $441.43. The stock has a market capitalization of $17.39 billion, a PE ratio of 34.53 and a beta of 1.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the business earned $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Research analysts anticipate that MasTec will post 8.89 EPS for the current year.

About MasTec

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.