MasTec, Inc. (NYSE:MTZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $116.23.

Several research analysts have recently issued reports on MTZ shares. DA Davidson upped their price objective on MasTec from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum upped their price objective on MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 6th. StockNews.com raised MasTec from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Stifel Nicolaus upped their target price on MasTec from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Citigroup upped their target price on MasTec from $99.00 to $104.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

Insiders Place Their Bets

In other MasTec news, Director C Robert Campbell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the transaction, the director now directly owns 50,725 shares in the company, valued at approximately $5,579,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MasTec news, Director C Robert Campbell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the transaction, the director now directly owns 50,725 shares in the company, valued at approximately $5,579,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Javier Alberto Palomarez sold 2,850 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $106.67, for a total value of $304,009.50. Following the transaction, the director now owns 10,666 shares in the company, valued at $1,137,742.22. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.

Hedge Funds Weigh In On MasTec

Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. lifted its holdings in shares of MasTec by 96.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,022,700 shares of the construction company’s stock worth $77,439,000 after purchasing an additional 502,039 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of MasTec by 16.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,036,101 shares of the construction company’s stock worth $78,454,000 after purchasing an additional 144,180 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of MasTec by 25.6% in the 4th quarter. Pinebridge Investments L.P. now owns 105,686 shares of the construction company’s stock worth $8,004,000 after purchasing an additional 21,564 shares in the last quarter. 1492 Capital Management LLC bought a new position in shares of MasTec in the 4th quarter worth $1,059,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of MasTec by 5.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 343,040 shares of the construction company’s stock worth $25,975,000 after purchasing an additional 18,402 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Stock Down 0.2 %

Shares of NYSE MTZ opened at $102.04 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.94. The company has a market cap of $8.11 billion, a price-to-earnings ratio of -728.86 and a beta of 1.65. MasTec has a 12 month low of $44.65 and a 12 month high of $123.33. The stock has a 50-day moving average price of $106.97 and a two-hundred day moving average price of $88.91.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.33. MasTec had a positive return on equity of 6.19% and a negative net margin of 0.09%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. As a group, analysts forecast that MasTec will post 2.58 earnings per share for the current fiscal year.

About MasTec

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.