MasTec, Inc. (NYSE:MTZ) had its price objective boosted by equities researchers at Credit Suisse Group from $57.00 to $58.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the construction company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 29.61% from the company’s current price.
A number of other research firms also recently weighed in on MTZ. Zacks Investment Research downgraded MasTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 9th. KeyCorp reaffirmed a “buy” rating and set a $51.00 price target on shares of MasTec in a research note on Tuesday, September 19th. Citigroup Inc. set a $54.00 price target on MasTec and gave the stock a “buy” rating in a research note on Friday, October 27th. FBR & Co upped their price target on MasTec from $57.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, ValuEngine raised MasTec from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. MasTec has an average rating of “Buy” and a consensus price target of $54.06.
MasTec (NYSE MTZ) traded up $1.90 during mid-day trading on Monday, reaching $44.75. The company had a trading volume of 836,738 shares, compared to its average volume of 1,144,131. MasTec has a fifty-two week low of $28.55 and a fifty-two week high of $49.50. The company has a current ratio of 1.74, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3,546.29, a P/E ratio of 14.24, a P/E/G ratio of 1.19 and a beta of 1.54.
MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts predict that MasTec will post 2.57 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MasTec by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock valued at $100,000 after acquiring an additional 229 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of MasTec in the second quarter valued at approximately $102,000. Global X Management Co. LLC grew its holdings in shares of MasTec by 220.7% in the second quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,799 shares in the last quarter. Creative Planning grew its holdings in shares of MasTec by 16.4% in the second quarter. Creative Planning now owns 2,685 shares of the construction company’s stock valued at $121,000 after acquiring an additional 379 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of MasTec in the second quarter valued at approximately $157,000. 70.71% of the stock is owned by institutional investors.
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
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