MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• MasTec has a “Moderate Buy” consensus rating from 22 analysts: 19 recommend buying, two rate it a hold, and one assigns a strong-buy rating. The average 12-month price target is $422.
• Analysts have recently lowered several price targets, including Baird’s to $363, Truist’s to $428, and Goldman Sachs’ to $409, while maintaining generally positive ratings.
• MasTec’s latest quarter showed 23.4% year-over-year revenue growth to $4.37 billion, though EPS of $2.22 narrowly missed estimates. The stock opened at $232.19, well below its 52-week high of $441.43.

Shares of MasTec, Inc. (NYSE:MTZ - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $422.00.

Several equities analysts have commented on the company. Robert W. Baird dropped their target price on MasTec from $475.00 to $363.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Piper Sandler began coverage on MasTec in a report on Tuesday. They set an "overweight" rating and a $321.00 price target on the stock. CICC Research initiated coverage on MasTec in a research note on Thursday, May 21st. They issued an "outperform" rating and a $480.00 price objective for the company. Truist Financial reaffirmed a "buy" rating and issued a $428.00 price objective (down from $550.00) on shares of MasTec in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of MasTec from $508.00 to $409.00 and set a "buy" rating for the company in a report on Wednesday, August 12th.

MasTec Stock Performance

NYSE MTZ opened at $232.19 on Friday. The firm's fifty day moving average price is $295.78 and its two-hundred day moving average price is $335.59. The stock has a market cap of $18.65 billion, a PE ratio of 37.03 and a beta of 1.82. MasTec has a fifty-two week low of $182.34 and a fifty-two week high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.01). MasTec had a net margin of 3.07% and a return on equity of 18.08%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The firm's 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, equities analysts expect that MasTec will post 8.91 EPS for the current fiscal year.

Hedge Funds Weigh In On MasTec

Large investors have recently modified their holdings of the business. Earned Wealth Advisors LLC increased its holdings in MasTec by 2.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,013 shares of the construction company's stock valued at $326,000 after purchasing an additional 28 shares during the period. Aigen Investment Management LP lifted its holdings in MasTec by 3.8% in the 4th quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company's stock worth $226,000 after buying an additional 38 shares during the period. Everhart Financial Group Inc. grew its position in shares of MasTec by 5.4% in the 2nd quarter. Everhart Financial Group Inc. now owns 874 shares of the construction company's stock worth $364,000 after buying an additional 45 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in shares of MasTec by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,311 shares of the construction company's stock valued at $285,000 after buying an additional 47 shares during the period. Finally, Williamson Legacy Group LLC increased its stake in shares of MasTec by 0.9% during the fourth quarter. Williamson Legacy Group LLC now owns 5,961 shares of the construction company's stock valued at $1,296,000 after buying an additional 52 shares during the period. Institutional investors own 78.10% of the company's stock.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that serves communications, energy and utility customers. The company provides design, construction, installation, maintenance and upgrade services for infrastructure projects across the United States and, in certain activities, Canada.

MasTec's communications business supports wireless, wireline and broadband networks, including fiber-optic systems, 5G infrastructure and other communications facilities. Its energy and infrastructure operations serve electric utilities, renewable energy developers and other industrial customers through services such as power transmission and distribution construction, solar and wind project development, pipeline construction and other related infrastructure work.

MasTec traces its roots to the telecommunications and utility construction businesses and was formed as MasTec in 1994.

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