Mastec Inc (NYSE:MTZ) Sentiment Change Report

January 17, 2018 - By Clifton Ray

 Mastec Inc (NYSE:MTZ) Sentiment Change Report

Sentiment for Mastec Inc (NYSE:MTZ)

Mastec Inc (NYSE:MTZ) institutional sentiment increased to 1.39 in 2017 Q3. Its up 0.17, from 1.22 in 2017Q2. The ratio increased, as 142 investment professionals increased or opened new equity positions, while 102 sold and trimmed holdings in Mastec Inc. The investment professionals in our partner’s database now possess: 58.30 million shares, up from 57.11 million shares in 2017Q2. Also, the number of investment professionals holding Mastec Inc in their top 10 equity positions decreased from 10 to 9 for a decrease of 1. Sold All: 29 Reduced: 73 Increased: 86 New Position: 56.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada. The company has market cap of $4.28 billion. It operates through five divisions: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. It has a 17.73 P/E ratio. The firm manufactures underground and overhead distribution systems, including trenches, conduits, cable, and power lines, which provide wireless and wireline/fiber communications; crude oil, natural gas, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; power generation infrastructure, such as renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants.

The stock increased 1.17% or $0.6 during the last trading session, reaching $51.75. About 672,591 shares traded. MasTec, Inc. (NYSE:MTZ) has risen 93.42% since January 17, 2017 and is uptrending. It has outperformed by 76.72% the S&P500.

Analysts await MasTec, Inc. (NYSE:MTZ) to report earnings on February, 22. They expect $0.33 EPS, down 51.47 % or $0.35 from last year’s $0.68 per share. MTZ’s profit will be $27.31 million for 39.20 P/E if the $0.33 EPS becomes a reality. After $0.78 actual EPS reported by MasTec, Inc. for the previous quarter, Wall Street now forecasts -57.69 % negative EPS growth.

Peconic Partners Llc holds 35.65% of its portfolio in MasTec, Inc. for 4.76 million shares. Kirr Marbach & Co Llc In owns 360,919 shares or 3.66% of their US portfolio. Moreover, Corbyn Investment Management Inc Md has 3.64% invested in the company for 246,677 shares. The Oregon-based Hood River Capital Management Llc has invested 3.2% in the stock. Tygh Capital Management Inc., a Oregon-based fund reported 315,614 shares.#img1#

MasTec, Inc. (NYSE:MTZ) Ratings Coverage

Ratings analysis reveals 93% of MasTec’s analysts are positive. Out of 15 Wall Street analysts rating MasTec, 14 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $16 while the high is $67.0. The stock’s average target of $53.29 is 2.98% above today’s ($51.75) share price. MTZ was included in 43 notes of analysts from August 3, 2015. Canaccord Genuity maintained it with “Buy” rating and $55.0 target in Thursday, October 19 report. Craig Hallum maintained MasTec, Inc. (NYSE:MTZ) rating on Tuesday, January 2. Craig Hallum has “Buy” rating and $64.0 target. FBR Capital maintained the stock with “Outperform” rating in Monday, August 7 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, October 6 report. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, November 14. On Wednesday, November 16 the stock rating was downgraded by DA Davidson to “Neutral”. The firm has “Buy” rating given on Monday, November 20 by KeyBanc Capital Markets. Citigroup maintained the shares of MTZ in report on Friday, October 27 with “Buy” rating. The rating was maintained by FBR Capital on Monday, May 8 with “Outperform”. The firm has “Neutral” rating given on Monday, April 3 by Credit Suisse.

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