MasTec (NYSE:MTZ) Price Target Cut to $308.00 by Analysts at Citigroup

MasTec (NYSE:MTZ) had its price objective dropped by investment analysts at Citigroup from $408.00 to $308.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Citigroup‘s price target would indicate a potential upside of 80.86% from the company’s current price.

A number of other analysts also recently issued reports on MTZ. Cantor Fitzgerald reiterated an “overweight” rating and issued a $348.00 price target on shares of MasTec in a report on Monday, October 12th. Guggenheim increased their price objective on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TD Cowen cut their price objective on MasTec from $420.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, October 5th. UBS Group reduced their target price on MasTec from $453.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Morgan Stanley set a $369.00 target price on MasTec in a research report on Friday, July 31st. Nineteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.10.

MasTec Price Performance

MTZ stock traded down $1.25 during midday trading on Friday, hitting $170.29. The company’s stock had a trading volume of 733,311 shares, compared to its average volume of 1,200,827. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. MasTec has a 12 month low of $164.31 and a 12 month high of $441.43. The company has a 50 day moving average of $227.57 and a two-hundred day moving average of $315.55. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 27.20 and a beta of 1.84.

MasTec (NYSE:MTZ) last released its quarterly earnings data 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 the consensus estimate of $4.30 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. On average, analysts expect that MasTec will post 8.87 EPS for the current year.

Institutional Trading of MasTec

Large investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC raised its position in shares of MasTec by 8.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,479 shares of the construction company’s stock valued at $530,000 after buying an additional 187 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of MasTec by 37.8% in the 3rd quarter. Inspire Investing LLC now owns 4,703 shares of the construction company’s stock valued at $1,005,000 after acquiring an additional 1,289 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of MasTec in the 3rd quarter valued at about $460,000. Root Financial Partners LLC purchased a new position in MasTec in the third quarter worth about $50,000. Finally, Crossmark Global Holdings Inc. grew its position in MasTec by 2.9% in the third quarter. Crossmark Global Holdings Inc. now owns 4,681 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 133 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides services to the communications, energy, utility, and industrial sectors. The company designs, builds, installs, maintains, and upgrades infrastructure for wireless and wireline communications networks, including cellular, broadband, fiber-optic, and other connectivity systems.

MasTec also performs construction and maintenance work for electric transmission and distribution systems, renewable energy projects, and other power infrastructure.