MasTec (NYSE:MTZ) Price Target Increased to $125.00 by Analysts at TD Cowen

MasTec (NYSE:MTZ – Get Rating) had its price target hoisted by TD Cowen from $115.00 to $125.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Cowen lowered their target price on shares of MasTec from $125.00 to $120.00 and set an outperform rating on the stock in a research note on Tuesday, December 27th. Craig Hallum downgraded shares of MasTec from a buy rating to a hold rating and set a $97.00 price target for the company. in a research report on Monday, February 27th. Robert W. Baird upped their price target on shares of MasTec from $111.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, February 27th. StockNews.com upgraded shares of MasTec from a sell rating to a hold rating in a research report on Friday, January 20th. Finally, Barclays upped their price target on shares of MasTec from $100.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, January 13th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, MasTec has a consensus rating of Moderate Buy and an average target price of $113.18.

MasTec Price Performance

NYSE:MTZ opened at $101.58 on Monday. MasTec has a one year low of $62.36 and a one year high of $103.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 1.55. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 241.86 and a beta of 1.39. The firm’s fifty day moving average is $94.73 and its two-hundred day moving average is $85.81.

MasTec (NYSE:MTZ – Get Rating) last posted its earnings results on Thursday, February 23rd. The construction company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. MasTec had a net margin of 0.34% and a return on equity of 8.30%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. Research analysts expect that MasTec will post 4.6 EPS for the current year.

Institutional Trading of MasTec

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of MasTec by 71.5% during the 3rd quarter. Barclays PLC now owns 171,751 shares of the construction company’s stock worth $10,906,000 after buying an additional 71,632 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MasTec by 32.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 20,392 shares of the construction company’s stock worth $1,294,000 after purchasing an additional 5,025 shares during the period. Ronald Blue Trust Inc. purchased a new position in shares of MasTec during the 2nd quarter worth approximately $29,000. Blueshift Asset Management LLC purchased a new position in shares of MasTec during the 3rd quarter worth approximately $214,000. Finally, Intrust Bank NA boosted its position in shares of MasTec by 3.0% during the 2nd quarter. Intrust Bank NA now owns 8,594 shares of the construction company’s stock worth $615,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

MasTec Company Profile

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MasTec, Inc engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers.