1 day Ago By ABMN Staff
MasTec, Inc. ( NYSE:MTZ – Get Free Report )’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $113.
69 and last traded at $113.01, with a volume of 372320 shares traded. The stock had previously closed at $112.
28. Wall Street Analysts Forecast Growth MTZ has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on MasTec from $120.
00 to $121.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Truist Financial reissued a “hold” rating and issued a $112.
00 target price (up from $109.00) on shares of MasTec in a research report on Monday, August 5th. B.
Riley upped their price target on shares of MasTec from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, August 5th.
The Goldman Sachs Group lifted their price objective on shares of MasTec from $88.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th.
Finally, DA Davidson increased their target price on MasTec from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th.
Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.
50. Read Our Latest Stock Report on MasTec MasTec Trading Up 0.3 % MasTec ( NYSE:MTZ – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st.
The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.
09. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.
09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.
06%. The firm’s revenue was up 3.0% on a year-over-year basis.
During the same period in the previous year, the company earned $0.81 EPS. As a group, research analysts forecast that MasTec, Inc.
will post 2.71 earnings per share for the current year. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of the business.
Hobbs Group Advisors LLC acquired a new position in MasTec during the second quarter worth $27,000. Quarry LP bought a new position in shares of MasTec in the 4th quarter valued at approximately $37,000. GAMMA Investing LLC raised its stake in shares of MasTec by 64.
9% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the construction company’s stock valued at $39,000 after acquiring an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in MasTec in the 2nd quarter worth approximately $40,000.
Finally, Bessemer Group Inc. boosted its position in MasTec by 5,436.4% during the first quarter.
Bessemer Group Inc. now owns 609 shares of the construction company’s stock worth $57,000 after purchasing an additional 598 shares during the period. Institutional investors own 78.
10% of the company’s stock. MasTec Company Profile ( Get Free Report ) 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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.
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