While Mastec Inc. has underperformed by -0.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ rose by 68.20%, with highs and lows ranging from $127.97 to $44.65, whereas the simple moving average jumped by 32.62% in the last 200 days.
On May 06, 2024, TD Cowen Reiterated Mastec Inc. (NYSE: MTZ) to Buy. A report published by Truist on March 14, 2024, Initiated its previous ‘Hold’ rating for MTZ. Craig Hallum also Upgraded MTZ shares as ‘Buy’, setting a target price of $96 on the company’s shares in a report dated March 04, 2024. TD Cowen Reiterated the rating as Outperform on March 04, 2024, but set its price target from $85 to $105. Robert W. Baird January 16, 2024d its ‘Outperform’ rating to ‘Neutral’ for MTZ, as published in its report on January 16, 2024. KeyBanc Capital Markets’s report from January 10, 2024 suggests a price prediction of $92 for MTZ shares, giving the stock a ‘Overweight’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Mastec Inc. (MTZ)
Further, the quarter-over-quarter increase in sales is 3.03%, showing a positive trend in the upcoming months.
One of the most important indicators of Mastec Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 0.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MTZ is recording 849.19K average volume. On a monthly basis, the volatility of the stock is set at 3.57%, whereas on a weekly basis, it is put at 2.99%, with a gain of 5.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $124.69, showing growth from the present price of $123.63, which can serve as yet another indication of whether MTZ is worth investing in or should be passed over.
How Do You Analyze Mastec Inc. Shares?
The Engineering & Construction market is dominated by Mastec Inc. (MTZ) based in the USA. When comparing Mastec Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 1308.25, there is a growth in quarterly earnings of 117.35%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MTZ shares are owned by institutional investors to the tune of 75.83% at present.
