TD Cowen Issues Positive Forecast for MasTec (NYSE:MTZ) Stock Price

Key Points

• TD Cowen raised its price target on MasTec to $445 (from $320) and kept a "buy" rating, implying about a 6.55% upside; multiple other brokers also lifted targets and the consensus price target is $356.83 (17 Buys, 3 Holds).
• MasTec beat quarterly expectations with $1.39 EPS vs. $0.98 expected and revenue of $3.83 billion (up 34.5% YoY), and provided FY2026 guidance of 8.79 EPS (Q2 guide 2.20), versus analyst forecasts near 8.2 EPS.
• The stock is trading near its one‑year high (~$418) with a market cap of ~$32.9B and a P/E of 73.14, while insiders have recently sold shares (insider ownership 21.4%) and institutions own ~78.1%.

MasTec (NYSE:MTZ - Get Free Report) had its target price increased by investment analysts at TD Cowen from $320.00 to $445.00 in a research report issued to clients and investors on Monday. The brokerage currently has a "buy" rating on the construction company's stock. TD Cowen's price objective suggests a potential upside of 6.55% from the company's current price.

Several other brokerages have also commented on MTZ. Weiss Ratings restated a "hold (c+)" rating on shares of MasTec in a research report on Friday, March 27th. DA Davidson upped their price target on MasTec from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Wolfe Research reaffirmed an "outperform" rating and set a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. Jefferies Financial Group upped their price target on MasTec from $271.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Barclays upped their price target on MasTec from $260.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $356.83.

MasTec Stock Up 0.1%

Shares of MasTec stock opened at $417.65 on Monday. MasTec has a one year low of $136.88 and a one year high of $418.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. The stock's 50-day moving average is $328.15 and its 200 day moving average is $260.37. The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 73.14 and a beta of 1.82.

MasTec (NYSE:MTZ - Get Free Report) last announced its earnings results on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts anticipate that MasTec will post 8.2 EPS for the current year.

Insider Buying and Selling

In other news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director directly owned 10,592 shares of the company's stock, valued at $3,446,954.56. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director directly owned 17,235 shares of the company's stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 21.40% of the stock is currently owned by corporate insiders.

Institutional Trading of MasTec

Institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in shares of MasTec in the first quarter worth approximately $30,000. Salomon & Ludwin LLC raised its stake in shares of MasTec by 344.4% in the third quarter. Salomon & Ludwin LLC now owns 120 shares of the construction company's stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MasTec in the fourth quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of MasTec in the first quarter worth approximately $65,000. Finally, Root Financial Partners LLC purchased a new stake in shares of MasTec in the third quarter worth approximately $49,000. 78.10% of the stock is owned by hedge funds and other institutional investors.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.