MasTec - MTZ Stock Forecast, Price & News

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MasTec Price Performance

Shares of MTZ opened at $83.15 on Monday. The company has a 50 day moving average price of $75.50 and a 200-day moving average price of $79.81. MasTec has a fifty-two week low of $62.64 and a fifty-two week high of $104.21. The stock has a market capitalization of $6.28 billion, a PE ratio of 36.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.55 and a current ratio of 1.61.

MasTec (NYSE:MTZ - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. MasTec had a net margin of 1.99% and a return on equity of 10.82%. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the prior year, the company earned $1.23 EPS. The company's revenue was up 17.3% compared to the same quarter last year. Equities analysts predict that MasTec will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. StockNews.com cut shares of MasTec from a "hold" rating to a "sell" rating in a research note on Monday, August 8th. Cowen lifted their price target on shares of MasTec from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Monday, August 8th. DA Davidson boosted their price objective on shares of MasTec to $110.00 in a research report on Tuesday, August 9th. Robert W. Baird boosted their price objective on shares of MasTec from $83.00 to $106.00 in a research report on Monday, August 8th. Finally, Cowen boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $110.18.