MasTec (MTZ) Receives Hold Rating from Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of MasTec (NYSE:MTZ) in a research report report published on Monday morning. They currently have a $49.00 target price on the construction company’s stock.

Several other equities analysts have also recently issued reports on MTZ. Zacks Investment Research raised MasTec from a hold rating to a buy rating and set a $48.00 target price on the stock in a research note on Monday, October 22nd. ValuEngine raised MasTec from a sell rating to a hold rating in a research note on Monday, October 22nd. Canaccord Genuity reduced their target price on MasTec from $65.00 to $62.00 and set a buy rating on the stock in a research note on Monday, November 5th. Finally, Citigroup set a $70.00 target price on MasTec and gave the company a buy rating in a research note on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $60.70.

MTZ opened at $45.78 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.85 and a current ratio of 1.94. MasTec has a 52-week low of $37.24 and a 52-week high of $55.53. The company has a market cap of $3.36 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40.

MasTec (NYSE:MTZ) last posted its earnings results on Thursday, November 1st. The construction company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.13. MasTec had a return on equity of 17.01% and a net margin of 5.89%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that MasTec will post 3.64 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in shares of MasTec by 0.8% during the third quarter. Vanguard Group Inc now owns 5,694,752 shares of the construction company’s stock valued at $254,271,000 after purchasing an additional 42,982 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MasTec by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,694,752 shares of the construction company’s stock worth $254,271,000 after acquiring an additional 42,982 shares in the last quarter. BlackRock Inc. boosted its holdings in MasTec by 5.4% in the third quarter. BlackRock Inc. now owns 5,055,794 shares of the construction company’s stock worth $225,742,000 after acquiring an additional 260,030 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in MasTec by 18.3% in the third quarter. Macquarie Group Ltd. now owns 3,619,967 shares of the construction company’s stock worth $161,631,000 after acquiring an additional 559,588 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in MasTec by 67.5% in the third quarter. Schroder Investment Management Group now owns 1,374,573 shares of the construction company’s stock worth $61,375,000 after acquiring an additional 553,718 shares in the last quarter. Institutional investors own 84.90% of the company’s stock.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.

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Analyst Recommendations for MasTec (NYSE:MTZ)

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