While Mastec Inc. has underperformed by -0.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ rose by 84.98%, with highs and lows ranging from $130.22 to $44.65, whereas the simple moving average jumped by 30.10% in the last 200 days.
On October 07, 2024, JP Morgan started tracking Mastec Inc. (NYSE: MTZ) recommending Overweight. A report published by TD Cowen on May 06, 2024, Reiterated its previous ‘Buy’ rating for MTZ. Truist also rated MTZ shares as ‘Hold’, setting a target price of $96 on the company’s shares in an initiating report dated March 14, 2024. Craig Hallum March 04, 2024d the rating to Buy on March 04, 2024, and set its price target from $50 to $96. TD Cowen resumed its ‘Outperform’ rating for MTZ, as published in its report on March 04, 2024. Robert W. Baird’s report from January 16, 2024 suggests a price prediction of $75 for MTZ shares, giving the stock a ‘Neutral’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
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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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Mastec Inc.’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and MTZ is recording an average volume of 813.46K. On a monthly basis, the volatility of the stock is set at 2.73%, whereas on a weekly basis, it is put at 2.29%, with a gain of 0.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $134.14, showing growth from the present price of $127.25, 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?
Mastec Inc. (MTZ) is based in the USA and is one of the most prominent companies operating in the Engineering & Construction market. 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 1346.56, there is a growth in quarterly earnings of 117.35%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 22.44%. 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 75.81% 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 75.81% at present.
