Jefferies Initiates Buy Rating for MasTec with Positive Outlook

Fintel reports that on May 16, 2025, Jefferies initiated coverage of MasTec (NYSE:MTZ) with a Buy recommendation.

Analyst Price Forecast Indicates 12.93% Upside

As of May 6, 2025, the average one-year price target for MasTec stands at $175.73 per share. Forecasts range from a low of $146.45 to a high of $210.00. This average target implies a potential increase of 12.93% from the company’s latest closing price of $155.61 per share.

Projected Annual Revenue and Earnings

The annual revenue projection for MasTec is estimated at $16,090 million, reflecting a significant growth of 29.09%. Additionally, the projected non-GAAP EPS is reported at 9.65.

Fund Sentiment Analysis

Currently, 981 funds or institutions report positions in MasTec, marking an increase of 42 owners, or 4.47%, in the last quarter. The average portfolio weight of all funds dedicated to MTZ is 0.36%, up by 0.01%. However, total shares owned by institutions have decreased by 0.56% over three months, totaling 70,272K shares.

The put/call ratio for MTZ is currently 1.10, indicating a bearish outlook on the stock.

Recent Moves by Shareholders

Hill City Capital now holds 2,145K shares, reflecting 2.76% ownership. This marks a slight increase from their previous holding of 2,130K shares, which is up by 0.70%. The firm has increased its portfolio allocation in MTZ by 0.34% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 1,994K shares, equaling 2.57% ownership. Previously, the firm reported owning 1,924K shares, an increase of 3.50%. Their portfolio allocation in MTZ has risen by 10.07% in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,875K shares, which is 2.42% ownership. In their earlier filing, they reported 1,990K shares, representing a decrease of 6.16%. However, they have increased their portfolio allocation in MTZ by 2.66% over the last quarter.

Nordea Investment Management Ab currently holds 1,794K shares for 2.31% ownership, down from 1,952K shares, reflecting a decrease of 8.79%. Their portfolio allocation in MTZ has decreased significantly by 72.53% in the last quarter.

Invesco owns 1,663K shares, accounting for 2.14% ownership. This is a reduction from their prior holding of 2,006K shares, indicating a decrease of 20.64%. Their portfolio allocation in MTZ has been cut by 93.29% in the last quarter.

Overview of MasTec

(Description provided by the company.)

MasTec, Inc. operates as a specialty contractor across various industries. The company focuses on building, installing, maintaining, and upgrading utility and communications infrastructure. This includes electrical utility transmission and distribution, wind and solar farms, renewable energy, natural gas infrastructure, and both wireless and wireline services.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.