MasTec, Inc. (NYSE:MTZ) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $60.11.
A number of research firms recently issued reports on MTZ. Zacks Investment Research raised MasTec from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, May 9th. ValuEngine cut MasTec from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. UBS Group began coverage on MasTec in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price for the company. Barclays reissued a “buy” rating and set a $57.00 target price on shares of MasTec in a research note on Wednesday, March 13th. Finally, B. Riley lowered their target price on MasTec from $71.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th.
In related news, Director Robert J. Dwyer sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $51.66, for a total transaction of $516,600.00. Following the completion of the sale, the director now directly owns 23,587 shares of the company’s stock, valued at approximately $1,218,504.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 22.00% of the stock is currently owned by corporate insiders.
Shares of MTZ stock traded down $0.84 on Monday, reaching $47.58. The company had a trading volume of 28,357 shares, compared to its average volume of 516,320. The company has a current ratio of 1.79, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.69 billion, a PE ratio of 13.17, a PEG ratio of 1.37 and a beta of 1.44. The stock’s 50-day simple moving average is $48.78. MasTec has a 12 month low of $37.24 and a 12 month high of $54.70.
MasTec (NYSE:MTZ) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.19. MasTec had a return on equity of 21.31% and a net margin of 3.93%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business posted $0.35 EPS. MasTec’s revenue was up 8.7% on a year-over-year basis. Analysts anticipate that MasTec will post 4.4 EPS for the current year.
MasTec Company Profile
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 five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
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