While Mastec Inc has overperformed by 1.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ rose by 124.61%, with highs and lows ranging from $155.71 to $60.96, whereas the simple moving average jumped by 33.24% in the last 200 days.
On January 08, 2025, Guggenheim started tracking Mastec Inc (NYSE: MTZ) recommending Buy. A report published by Truist on November 05, 2024, Upgraded its rating to ‘Buy’ for MTZ. TD Cowen also reiterated MTZ shares as ‘Buy’, quoting a target price of $160 on the company’s shares in a report dated November 04, 2024. JP Morgan Initiated an Overweight rating on October 07, 2024, and assigned a price target of $153. TD Cowen resumed its ‘Buy’ rating for MTZ, as published in its report on May 06, 2024. Truist’s report from March 14, 2024 suggests a price prediction of $96 for MTZ shares, giving the stock a ‘Hold’ rating. Craig Hallum also rated the stock as ‘Buy’.
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 852.10K average volume. On a monthly basis, the volatility of the stock is set at 3.59%, whereas on a weekly basis, it is put at 3.08%, with a gain of 5.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $163.50, showing growth from the present price of $155.32, 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 138.78, 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 22.39%. 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 74.10% 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 74.10% at present.
