MasTec (NYSE:MTZ) Given New $320.00 Price Target at TD Cowen

MasTec (NYSE:MTZ) had its price objective upped by TD Cowen from $225.00 to $320.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the construction company’s stock. TD Cowen’s price objective points to a potential upside of 7.45% from the company’s previous close.

A number of other research firms also recently commented on MTZ. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MasTec in a report on Monday, December 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $326.00 price target on shares of MasTec in a report on Monday. Stifel Nicolaus increased their price objective on shares of MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Mizuho set a $254.00 target price on shares of MasTec in a report on Monday, November 3rd. Finally, Truist Financial raised their target price on MasTec from $253.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $254.47.

MasTec Stock Performance

Shares of MTZ stock opened at $297.81 on Monday. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 58.74 and a beta of 1.94. MasTec has a one year low of $99.70 and a one year high of $300.00. The company’s 50-day simple moving average is $246.26 and its 200-day simple moving average is $216.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.32.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.13. MasTec had a return on equity of 15.62% and a net margin of 2.79%.The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. MasTec’s revenue for the quarter was up 15.8% compared to the same quarter last year. MasTec has set its Q1 2026 guidance at 1.000-1.000 EPS and its FY 2026 guidance at 8.400-8.400 EPS. Equities analysts anticipate that MasTec will post 3.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MasTec

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in MasTec by 178.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares in the last quarter. Peconic Partners LLC grew its position in MasTec by 113.3% in the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after buying an additional 850,000 shares during the last quarter. Coatue Management LLC acquired a new position in MasTec in the fourth quarter worth approximately $147,357,000. Qube Research & Technologies Ltd increased its holdings in shares of MasTec by 370.0% in the second quarter. Qube Research & Technologies Ltd now owns 506,857 shares of the construction company’s stock valued at $86,384,000 after buying an additional 399,007 shares in the last quarter. Finally, 140 Summer Partners LP acquired a new stake in shares of MasTec during the 3rd quarter valued at $81,514,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.

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.