While Mastec Inc has underperformed by -0.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ rose by 144.38%, with highs and lows ranging from $150.12 to $54.06, whereas the simple moving average jumped by 33.77% in the last 200 days.
On November 05, 2024, Truist Upgraded Mastec Inc (NYSE: MTZ) to Buy. A report published by TD Cowen on November 04, 2024, Reiterated its previous ‘Buy’ rating for MTZ. JP Morgan also rated MTZ shares as ‘Overweight’, setting a target price of $153 on the company’s shares in an initiating report dated October 07, 2024. TD Cowen Reiterated the rating as Buy on May 06, 2024, but set its price target from $105 to $110. Truist initiated its ‘Hold’ rating for MTZ, as published in its report on March 14, 2024. Craig Hallum’s report from March 04, 2024 suggests a price prediction of $96 for MTZ shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Outperform’.
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Analysis of Mastec Inc (MTZ)
Further, the quarter-over-quarter decrease in sales is -0.14%, showing a negative 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 3.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, 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 864.80K average volume. On a monthly basis, the volatility of the stock is set at 3.69%, whereas on a weekly basis, it is put at 3.61%, with a gain of 1.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $155.86, showing growth from the present price of $144.06, 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 128.72, there is a growth in quarterly earnings of 562.40%.
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 22.41%. 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 74.39% 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 74.39% at present.
