Fintel reports that on January 8, 2025, Guggenheim initiated coverage of MasTec (NYSE:MTZ) with a Buy recommendation.
Analyst Price Forecast Suggests 10.08% Upside
As of December 23, 2024, the average one-year price target for MasTec is $161.23/share. The forecasts range from a low of $131.30 to a high of $183.75. The average price target represents an increase of 10.08% from its latest reported closing price of $146.47 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MasTec is 16,090MM, an increase of 32.10%. The projected annual non-GAAP EPS is 9.65.
What is the Fund Sentiment?
There are 878 funds or institutions reporting positions in MasTec. This is an increase of 56 owner(s) or 6.81% in the last quarter. Average portfolio weight of all funds dedicated to MTZ is 0.33%, an increase of 2.94%. Total shares owned by institutions increased in the last three months by 0.66% to 70,794K shares. 
The put/call ratio of MTZ is 0.83, indicating a bullish outlook.
What are Other Shareholders Doing?
Pacer Advisors holds 2,261K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 1,366K shares , representing an increase of 39.60%. The firm increased its portfolio allocation in MTZ by 77.67% over the last quarter.
Hill City Capital holds 2,130K shares representing 2.73% ownership of the company. No change in the last quarter.
Invesco holds 2,061K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 2,334K shares , representing a decrease of 13.25%. The firm decreased its portfolio allocation in MTZ by 92.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,990K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 2,031K shares , representing a decrease of 2.05%. The firm increased its portfolio allocation in MTZ by 5.90% over the last quarter.
Nordea Investment Management Ab holds 1,952K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 1,986K shares , representing a decrease of 1.73%. The firm decreased its portfolio allocation in MTZ by 63.17% over the last quarter.
Mastec Background Information
(This description is provided by the company.)
MasTec, Inc. is a specialty contractor operating across a range of industries. The Company activities are the building, installation, maintenance, and upgrade of utility and communications infrastructure, including electrical utility transmission and distribution, wind farms, solar farms, renewable energy and natural gas infrastructure, wireless, and wireline.
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