Brokerages Set MasTec, Inc. (NYSE:MTZ) Target Price at $238.16

Shares of MasTec, Inc. (NYSE:MTZGet Free Report) have received an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $238.1579.

MTZ has been the topic of several recent analyst reports. Cantor Fitzgerald began coverage on shares of MasTec in a research note on Friday, January 23rd. They issued an “overweight” rating and a $274.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of MasTec in a research report on Monday, December 29th. KeyCorp reaffirmed an “overweight” rating and set a $264.00 price objective on shares of MasTec in a research note on Wednesday, January 7th. Robert W. Baird lifted their target price on shares of MasTec from $238.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Stifel Nicolaus boosted their target price on MasTec from $240.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th.

View Our Latest Research Report on MasTec

MasTec Stock Up 2.7%

NYSE MTZ opened at $297.81 on Monday. MasTec has a 1-year low of $99.70 and a 1-year high of $300.00. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 58.74 and a beta of 1.94. The stock’s 50 day moving average is $246.26 and its two-hundred day moving average is $216.37. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.69.

MasTec (NYSE:MTZGet Free Report) last issued its earnings results on Thursday, February 26th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.71 billion. MasTec had a return on equity of 15.99% and a net margin of 2.79%.MasTec’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. 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 forecast that MasTec will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTZ. Brighton Jones LLC acquired a new stake in MasTec in the 4th quarter valued at about $227,000. NewEdge Advisors LLC grew its stake in shares of MasTec by 32.6% during the first quarter. NewEdge Advisors LLC now owns 4,408 shares of the construction company’s stock valued at $514,000 after purchasing an additional 1,083 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MasTec in the second quarter valued at approximately $271,000. Stephens Inc. AR raised its position in MasTec by 55.9% in the 2nd quarter. Stephens Inc. AR now owns 3,669 shares of the construction company’s stock worth $625,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in MasTec in the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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About MasTec

(Get Free Report)

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.

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Analyst Recommendations for MasTec (NYSE:MTZ)

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