MasTec, Inc. (NYSE:MTZ) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a positive outlook: MasTec has a “Moderate Buy” consensus from 22 analysts, including 19 buy ratings and three holds. The average 12-month price target is $365.10, although several firms recently lowered their targets.
• Third-quarter results exceeded expectations: Revenue rose nearly 30% year over year to about $5.2 billion, adjusted EBITDA increased roughly 30% to $486 million, and EPS of $2.96 topped consensus estimates.
• Strong backlog but near-term risks remain: Backlog grew 46% to a record $24.5 billion, driven by Power Delivery and infrastructure demand. However, pipeline delays prompted MasTec to reduce its full-year 2026 profit outlook, highlighting concerns over project timing.

MasTec, Inc. (NYSE:MTZ - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $365.10.

Several analysts have recently issued reports on MTZ shares. Barclays reduced their price objective on MasTec from $340.00 to $320.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Morgan Stanley set a $369.00 price target on MasTec in a report on Friday, July 31st. Mizuho set a $352.00 price target on MasTec in a research report on Wednesday, October 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $348.00 price objective on shares of MasTec in a research note on Monday, October 12th. Finally, Citigroup lowered their price objective on MasTec from $408.00 to $308.00 and set a "buy" rating for the company in a research report on Friday, October 23rd.

More MasTec News

Here are the key news stories impacting MasTec this week:

• Positive Sentiment: Third-quarter revenue reached approximately $5.2 billion, while adjusted EBITDA was $486 million; both increased about 30% year over year and exceeded expectations. EPS of $2.96 also topped the roughly $2.94–$2.95 consensus. MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
• Positive Sentiment: Power Delivery was a key growth driver, and MasTec’s backlog rose approximately 46% year over year to a record $24.5 billion. The backlog supports visibility into future revenue and reinforces demand for the company’s infrastructure services. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength
• Neutral Sentiment: The earnings release and management’s earnings call highlighted continued opportunities tied to power infrastructure and data-center-related demand, although project timing remains an important factor for the near-term outlook. MasTec Q3 2026 Earnings Call Transcript
• Negative Sentiment: MasTec reduced its full-year 2026 profit outlook because pipeline delays are postponing expected project activity. That guidance cut limits the benefit of the quarterly beats and may keep investors focused on execution and project-start timing. MasTec Q3 Earnings and Revenues Beat Estimates on Power Delivery Strength

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GK Wealth Management LLC purchased a new position in shares of MasTec in the 3rd quarter valued at $29,000. Ascentis Independent Advisors purchased a new stake in MasTec in the first quarter valued at $30,000. Bell Investment Advisors Inc purchased a new stake in MasTec in the second quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new position in MasTec in the second quarter valued at $32,000. Finally, Generali Asset Management SPA SGR acquired a new position in MasTec in the third quarter valued at $34,000. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Price Performance

MTZ stock opened at $186.03 on Friday. The business's fifty day moving average price is $215.62 and its 200 day moving average price is $300.41. MasTec has a 12-month low of $164.31 and a 12-month high of $441.43. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $14.94 billion, a PE ratio of 30.40 and a beta of 1.84.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.94 billion. MasTec had a return on equity of 18.85% and a net margin of 2.80%. MasTec's revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 EPS. On average, sell-side analysts anticipate that MasTec will post 8.87 EPS for the current year.

About MasTec

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.

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