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

Shares of MasTec, Inc. (NYSE:MTZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $422.00.

MTZ has been the topic of a number of research analyst reports. CICC Research started coverage on MasTec in a report on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Robert W. Baird dropped their price target on MasTec from $475.00 to $363.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Piper Sandler started coverage on MasTec in a report on Tuesday. They issued an “overweight” rating and a $321.00 price objective for the company. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Cantor Fitzgerald boosted their target price on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a report on Thursday, July 9th.

Institutional Investors Weigh In On MasTec

Several hedge funds have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in MasTec during the first quarter valued at $30,000. Bell Investment Advisors Inc purchased a new position in shares of MasTec in the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in MasTec in the 2nd quarter worth about $32,000. CIBC Private Wealth Group LLC grew its position in MasTec by 372.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after purchasing an additional 186 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in MasTec during the 2nd quarter valued at about $58,000. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 3.5%

NYSE:MTZ opened at $232.19 on Friday. The company has a 50-day moving average price of $295.78 and a 200-day moving average price of $335.59. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of 37.03 and a beta of 1.82. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. MasTec has a 12 month low of $182.34 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. MasTec’s quarterly revenue was up 23.4% compared to the same quarter last year. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Equities analysts predict that MasTec will post 8.91 EPS for the current year.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec’s communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.