Citigroup Forecasts Strong Price Appreciation for MasTec (NYSE:MTZ) Stock

MasTec (NYSE:MTZ) had its target price boosted by research analysts at Citigroup from $284.00 to $350.00 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. Citigroup’s price target suggests a potential upside of 16.30% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. TD Cowen lifted their target price on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research note on Monday, December 29th. Stifel Nicolaus lifted their price objective on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Mizuho set a $254.00 target price on MasTec in a research report on Monday, November 3rd. Finally, Zacks Research upgraded shares of MasTec from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $283.79.

MasTec Trading Down 1.2%

NYSE MTZ opened at $300.95 on Monday. The company has a market cap of $23.74 billion, a P/E ratio of 59.36 and a beta of 1.89. MasTec has a 12 month low of $99.70 and a 12 month high of $310.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29. The company has a 50-day moving average of $249.39 and a 200-day moving average of $218.60.

MasTec (NYSE:MTZ) last released its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.71 billion. MasTec’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. As a group, equities analysts predict that MasTec will post 3.44 earnings per share for the current year.

Institutional Trading of MasTec

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in MasTec by 92.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 65,027 shares of the construction company’s stock valued at $13,981,000 after acquiring an additional 31,218 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of MasTec by 14.9% in the third quarter. Thrivent Financial for Lutherans now owns 16,593 shares of the construction company’s stock worth $3,531,000 after acquiring an additional 2,158 shares during the last quarter. Bridge City Capital LLC increased its position in MasTec by 27.2% during the second quarter. Bridge City Capital LLC now owns 49,357 shares of the construction company’s stock worth $8,412,000 after acquiring an additional 10,565 shares during the period. Marco Investment Management LLC increased its position in MasTec by 28.2% during the third quarter. Marco Investment Management LLC now owns 31,605 shares of the construction company’s stock worth $6,726,000 after acquiring an additional 6,955 shares during the period. Finally, Schroder Investment Management Group acquired a new position in MasTec during the 2nd quarter valued at $12,366,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MasTec

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Record quarter, stronger guidance and backlog expansion: MasTec beat Q4 estimates (EPS $2.07 vs. $1.94 est.; revenue $3.94B vs. $3.71B est.), raised FY‑2026 outlook and reported an expanded infrastructure backlog — a direct driver of analyst optimism and buying interest. Read More.
• Positive Sentiment: Heavy analyst upgrades and price-target lifts: Multiple firms bumped ratings and targets (examples: Citigroup, Truist, Cantor Fitzgerald, Robert W. Baird, KeyCorp, DA Davidson, TD Cowen), pushing consensus upside and supporting the rally. Read More.
• Positive Sentiment: Fundamental momentum recognized by screens: Zacks highlighted MTZ’s growth and momentum characteristics, which can attract style-driven and momentum investors. Read More.
• Neutral Sentiment: Fresh 52‑week high / sector comparison: MTZ recently hit a new one‑year high and has outpaced many construction peers year‑to‑date, which is notable but increases expectations for continued execution. Read More.
• Negative Sentiment: Technical and valuation caution: Analysts and commentators note MTZ’s premium valuation (elevated EV/EBITDA and P/E on forward numbers) and overbought technical indicators, which can prompt short‑term profit taking and explain the intra‑day pullback. Read More.

MasTec Company Profile

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.