MasTec (NYSE:MTZ) Price Target Raised to $155.00 at Stifel Nicolaus

MasTec (NYSE:MTZ) had its price target lifted by investment analysts at Stifel Nicolaus from $153.00 to $155.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 14.82% from the company’s current price.

Several other analysts also recently commented on the stock. B. Riley restated a “buy” rating and set a $166.00 target price (up from $151.00) on shares of MasTec in a report on Tuesday, November 5th. UBS Group lifted their price objective on shares of MasTec from $129.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of MasTec from $120.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, November 4th. KeyCorp lifted their price objective on shares of MasTec from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Truist Financial upgraded shares of MasTec from a “hold” rating to a “buy” rating and lifted their price objective for the company from $133.00 to $173.00 in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

MasTec Stock Up 1.6 %

MTZ stock traded up $2.13 during mid-day trading on Wednesday, hitting $134.99. 114,914 shares of the company were exchanged, compared to its average volume of 853,747. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $10.70 billion, a P/E ratio of 120.41 and a beta of 1.72. The firm’s 50 day simple moving average is $133.83 and its 200 day simple moving average is $117.99. MasTec has a 1-year low of $60.96 and a 1-year high of $150.12.

Insiders Place Their Bets

In other news, COO Robert E. Apple sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief operating officer now owns 187,202 shares of the company’s stock, valued at approximately $28,080,300. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the completion of the transaction, the director now directly owns 48,173 shares of the company’s stock, valued at approximately $5,600,592.98. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,823 shares of company stock valued at $7,493,301 over the last ninety days. 21.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in MasTec in the third quarter valued at about $25,000. Hobbs Group Advisors LLC acquired a new position in MasTec in the second quarter valued at about $27,000. DekaBank Deutsche Girozentrale acquired a new position in MasTec in the second quarter valued at about $40,000. UMB Bank n.a. raised its stake in MasTec by 46.3% in the third quarter. UMB Bank n.a. now owns 379 shares of the construction company’s stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in MasTec in the third quarter valued at about $57,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

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, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.