MasTec (NYSE:MTZ)‘s stock had its “buy” rating reiterated by equities researchers at Craig Hallum in a research report issued on Thursday, The Fly reports. They currently have a $69.00 price objective on the construction company’s stock, up from their previous price objective of $64.00. Craig Hallum’s target price points to a potential upside of 35.43% from the company’s current price.
MTZ has been the subject of several other reports. B. Riley reiterated a “buy” rating and set a $67.00 price objective (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Citigroup increased their price objective on shares of MasTec from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Robert W. Baird cut shares of MasTec from an “outperform” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of MasTec from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of MasTec from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $60.01.
Shares of MasTec (MTZ) opened at $50.95 on Thursday. MasTec has a 12-month low of $36.40 and a 12-month high of $55.53. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. The firm has a market cap of $4,258.03, a price-to-earnings ratio of 17.45, a PEG ratio of 1.18 and a beta of 1.49.
Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. bought a new position in shares of MasTec in the fourth quarter valued at $107,000. FNY Partners Fund LP bought a new position in shares of MasTec in the fourth quarter valued at $122,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of MasTec by 81.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,624 shares of the construction company’s stock valued at $128,000 after buying an additional 1,179 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of MasTec in the fourth quarter valued at $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MasTec by 53.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the construction company’s stock valued at $166,000 after buying an additional 1,175 shares in the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3230305/craig-hallum-reiterates-buy-rating-for-mastec-mtz.html.
MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
Receive News & Ratings for MasTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec and related companies with MarketBeat.com's FREE daily email newsletter.