MasTec (NYSE:MTZ) PT Raised to $125.00 at Craig Hallum

MasTec (NYSE:MTZ) had its price target upped by Craig Hallum from $96.00 to $125.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Craig Hallum’s target price would indicate a potential upside of 18.29% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup increased their price objective on MasTec from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group raised their price target on MasTec from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Robert W. Baird upped their price objective on shares of MasTec from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group lifted their target price on shares of MasTec from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $70.00 price target on shares of MasTec in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.08.

MasTec Stock Down 0.1 %

MTZ stock opened at $105.67 on Monday. MasTec has a twelve month low of $44.65 and a twelve month high of $123.33. The firm has a market capitalization of $8.40 billion, a PE ratio of -754.79 and a beta of 1.61. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.94. The stock has a 50-day simple moving average of $89.26 and a two-hundred day simple moving average of $73.70.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 29th. The construction company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.37 by $0.20. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.26 billion. On average, equities analysts predict that MasTec will post 2.33 EPS for the current fiscal year.

Institutional Trading of MasTec

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of MasTec in the fourth quarter worth about $37,000. Headlands Technologies LLC purchased a new position in MasTec in the 3rd quarter worth approximately $41,000. Itau Unibanco Holding S.A. bought a new stake in MasTec in the third quarter valued at approximately $43,000. CWM LLC boosted its stake in shares of MasTec by 59.4% during the fourth quarter. CWM LLC now owns 837 shares of the construction company’s stock valued at $63,000 after purchasing an additional 312 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of MasTec by 30.9% during the fourth quarter. Quadrant Capital Group LLC now owns 897 shares of the construction company’s stock valued at $68,000 after purchasing an additional 212 shares during the period. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.