MasTec (NYSE:MTZ) Given New $347.00 Price Target at Cantor Fitzgerald

MasTec (NYSE:MTZ) had its target price lifted by equities researchers at Cantor Fitzgerald from $274.00 to $347.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 13.00% from the company’s current price.

A number of other equities research analysts also recently issued reports on MTZ. Mizuho set a $254.00 price target on MasTec in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of MasTec from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Citigroup increased their price target on shares of MasTec from $248.00 to $284.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. KeyCorp lifted their price objective on MasTec from $264.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wolfe Research restated an “outperform” rating and set a $326.00 target price on shares of MasTec in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, MasTec presently has a consensus rating of “Buy” and a consensus price target of $270.74.

MasTec Stock Performance

NYSE MTZ traded up $9.06 during trading hours on Monday, hitting $307.08. The company’s stock had a trading volume of 563,429 shares, compared to its average volume of 953,471. The company’s 50 day simple moving average is $246.26 and its two-hundred day simple moving average is $216.84. MasTec has a 12 month low of $99.70 and a 12 month high of $310.36. The company has a market cap of $24.23 billion, a P/E ratio of 60.49 and a beta of 1.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.32 and a quick ratio of 1.29.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.71 billion. MasTec had a net margin of 2.79% and a return on equity of 15.62%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts expect that MasTec will post 3.44 EPS for the current fiscal year.

Institutional Trading of MasTec

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC lifted its holdings in MasTec by 344.4% during the 3rd 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 purchased a new position in shares of MasTec in the 2nd quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in MasTec in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust raised its stake in shares of MasTec by 253.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock worth $33,000 after acquiring an additional 137 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd acquired a new position in shares of MasTec during the second quarter worth $43,000. Hedge funds and other institutional investors own 78.10% of the company’s stock.

About MasTec

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.