Truist Financial Issues Pessimistic Forecast for MasTec (NYSE:MTZ) Stock Price

MasTec (NYSE:MTZ) had its target price decreased by analysts at Truist Financial from $428.00 to $380.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would suggest a potential upside of 66.45% from the stock’s previous close.

MTZ has been the subject of several other research reports. Wall Street Zen lowered shares of MasTec from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. The Goldman Sachs Group reduced their target price 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. Mizuho reduced their target price on shares of MasTec from $502.00 to $457.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Finally, Guggenheim lifted their price target on shares of MasTec from $480.00 to $518.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and an average target price of $414.20.

MasTec Stock Up 4.1%

MTZ opened at $228.30 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market capitalization of $18.33 billion, a PE ratio of 36.41 and a beta of 1.84. The stock’s fifty day moving average is $246.44 and its 200-day moving average is $325.78. MasTec has a one year low of $182.34 and a one year high of $441.43.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. 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 predict that MasTec will post 8.9 EPS for the current fiscal year.

Institutional Trading of MasTec

Large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new stake in shares of MasTec in the first quarter worth $30,000. Bell Investment Advisors Inc acquired a new position in MasTec during the second quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new position in MasTec during the second quarter valued at $32,000. Solstein Capital LLC acquired a new position in MasTec during the second quarter valued at $58,000. Finally, GHP Investment Advisors Inc. purchased a new stake in MasTec in the 1st quarter worth about $65,000. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Company Profile

MasTec, Inc is an infrastructure construction and engineering company that provides installation, maintenance and upgrade services for communications, energy and utility networks. Its communications work includes wireless and wireline infrastructure, fiber-optic networks, broadband systems and related engineering and construction services.

The company also supports the development and maintenance of energy infrastructure. Its activities include construction services for renewable energy projects, power transmission and distribution systems, natural gas and oil pipelines, and other industrial infrastructure.