JP Morgan initiated coverage on MasTec with a new price target
$MTZ
Water Sewer Pipeline Comm & Power Line Construction
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JP Morgan initiated coverage of MasTec with a rating of Overweight and set a new price target of $153.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $153.00 | Overweight | JP Morgan |
| 5/6/2024 | $105.00 → $110.00 | Buy | TD Cowen |
| 3/14/2024 | $96.00 | Hold | Truist |
| 3/4/2024 | $50.00 → $96.00 | Hold → Buy | Craig Hallum |
| 3/4/2024 | $85.00 → $105.00 | Outperform | TD Cowen |
| 1/16/2024 | $57.00 → $75.00 | Outperform → Neutral | Robert W. Baird |
| 1/10/2024 | $92.00 | Overweight | KeyBanc Capital Markets |
| 11/16/2023 | $70.00 | Buy | Stifel |
Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last YearThird Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expectations by $0.43 and $0.39, RespectivelyThird Quarter 2024 GAAP Net Income of $105.4 Million and Adjusted EBITDA of $305.9 Million, Above Expectations by $33.4 Million and $10.9 Million, RespectivelyRecord 18-month Backlog as of September 30, 2024 of $13.9 Billion Increased $1.4 Billion from the Third Quarter of 2023 Year-to-Date Cash Flow Generated by Operating Activities of $650 Million and DSO at 68 DaysCORAL GABLES, Fla., Oct. 31, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today ann
CORAL GABLES, Fla., Oct. 18, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter ended September 30, 2024, after the market closes on Thursday, October 31, 2024. Senior Management will also hold a conference call to discuss these results on Friday, November 1, 2024, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221or (888) 204-4368, with a confirmation code of 9237122. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at www.mastec.
Record Second Quarter 2024 Revenue of $3.0 BillionSecond Quarter 2024 Diluted Earnings Per Share of $0.43 and Adjusted Diluted Earnings Per Share of $0.96, $0.08 Above ExpectationsSecond Quarter 2024 GAAP Net Income of $43.8 Million and Adjusted EBITDA of $267.8 Million, $7.8 Million Above Expectations18-month Backlog as of June 30, 2024 of $13.3 Billion Increased $501 Million Sequentially from the First Quarter of 2024 and Represents Record Levels for the Clean Energy and Infrastructure, Power Delivery and Communications SegmentsCash Flow Generated by Operating Activities of $264 Million and DSO at 69 daysCORAL GABLES, Fla., Aug. 1, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announc
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
JP Morgan initiated coverage of MasTec with a rating of Overweight and set a new price target of $153.00
TD Cowen reiterated coverage of MasTec with a rating of Buy and set a new price target of $110.00 from $105.00 previously
Truist initiated coverage of MasTec with a rating of Hold and set a new price target of $96.00
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8-K - MASTEC INC (0000015615) (Filer)
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Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last YearThird Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expectations by $0.43 and $0.39, RespectivelyThird Quarter 2024 GAAP Net Income of $105.4 Million and Adjusted EBITDA of $305.9 Million, Above Expectations by $33.4 Million and $10.9 Million, RespectivelyRecord 18-month Backlog as of September 30, 2024 of $13.9 Billion Increased $1.4 Billion from the Third Quarter of 2023 Year-to-Date Cash Flow Generated by Operating Activities of $650 Million and DSO at 68 DaysCORAL GABLES, Fla., Oct. 31, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today ann
CORAL GABLES, Fla., Oct. 18, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter ended September 30, 2024, after the market closes on Thursday, October 31, 2024. Senior Management will also hold a conference call to discuss these results on Friday, November 1, 2024, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221or (888) 204-4368, with a confirmation code of 9237122. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at www.mastec.
CORAL GABLES, Fla., Sept. 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that its senior management will be participating in two analyst fireside chats in September. The Morgan Stanley 12th Annual Laguna Conference presentation will be on September 12th at approximately 1:25 PM PDT. The DADCO 23rd Annual Diversified Industrials & Services Conference presentation will be on September 19th at approximately 2:00 PM CDT. One-on-one meetings with institutional investors and MasTec's management are also being arranged as a part of the conferences. The audio and any presentation materials may be accessed through links on the "Investors" page of MasTec's website at www.mastec.com
EFFINGHAM, Ill., June 10, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company" or "Midland") announced today that Sherina Maye Edwards has been appointed to the Board of Directors of the Company and Midland States Bank. Ms. Edwards is the Chief Strategy Officer of MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company operating mainly throughout North America across a range of industries. Most recently, she was the President and CEO of INTREN, a subsidiary of MasTec. With the addition of Ms. Edwards, the Company's Board of Directors now has 11 members, with 10 of the directors classified as independent. "We are very pleased to add Sherina to o
CORAL GABLES, Fla., March 30, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that Ms. Ava L. Parker has joined MasTec's board of directors as a Class III Director. Ms. Parker currently serves as President of Palm Beach State College, Palm Beach County, one of Florida's largest higher education institutions. Ms. Parker is the first female president in the history of the institution, which opened in 1933 as Florida's first public community college. The College now serves approximately 40,000 students annually and has earned national distinction as an Aspen Prize Top 150 U.S. Community College. Under President Parker's stewardship the college has reached its highest enrollment in
CORAL GABLES, Fla., Dec. 31, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) is saddened to announce the passing of longtime Board Member, José S. Sorzano. José Mas, MasTec's CEO, commented, "It's with great sadness that I announce the passing of our friend and fellow Board Member, José Sorzano. José has been our longest serving independent Board Member. We are thankful for his outstanding leadership, friendship, guidance, wisdom and humor. He will be greatly missed by the MasTec family, the construction industry and his community. José continuously upheld MasTec's values of trust, accountability, caring, commitment and excellence." Jorge Mas, Chairman of MasTec's Board, added, "José's unt
MasTec (NYSE:MTZ) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 3 3 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 5 3 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $119.43, a high estimate of $132.00, and a low estimate of $109.00. Marking an increase of 13.67%, the current av
Citigroup analyst Andrew Kaplowitz maintains MasTec (NYSE:MTZ) with a Buy and raises the price target from $118 to $122.
MasTec (NYSE:MTZ) has outperformed the market over the past 20 years by 8.83% on an annualized basis producing an average annual return of 17.23%. Currently, MasTec has a market capitalization of $8.55 billion. Buying $100 In MTZ: If an investor had bought $100 of MTZ stock 20 years ago, it would be worth $2,531.76 today based on a price of $107.60 for MTZ at the time of writing. MasTec's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an