MasTec (NYSE:MTZ) Price Target Raised to $335.00 at KeyCorp

MasTec (NYSE:MTZ) had its price objective upped by analysts at KeyCorp from $264.00 to $335.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective suggests a potential upside of 9.26% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Wolfe Research reiterated an “outperform” rating and issued a $326.00 price target on shares of MasTec in a research note on Monday. Barclays lifted their price target on MasTec from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Mizuho set a $254.00 target price on MasTec in a research note on Monday, November 3rd. Finally, TD Cowen increased their price target on MasTec from $225.00 to $320.00 and gave the company a “buy” rating in a research note on Monday. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $258.21.

MasTec Stock Up 2.9%

Shares of MTZ stock traded up $8.60 on Monday, hitting $306.62. 176,916 shares of the stock were exchanged, compared to its average volume of 943,453. The company has a current ratio of 1.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $24.19 billion, a P/E ratio of 60.87 and a beta of 1.94. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $306.90. The business has a 50-day moving average of $246.26 and a 200 day moving average of $216.84.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business earned $1.44 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. 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 EPS for the current year.

Institutional Investors Weigh In On MasTec

Several hedge funds and other institutional investors have recently modified their holdings of MTZ. Salomon & Ludwin LLC lifted its stake in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company’s stock valued at $26,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co bought a new stake in MasTec during the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in MasTec during the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust raised its stake in shares of MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after purchasing an additional 137 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new position in shares of MasTec during the second quarter valued at approximately $43,000. Institutional investors own 78.10% of the company’s stock.

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.