At the time of writing, Mastec Inc. [MTZ] stock is trading at $112.28, up 1.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTZ shares have gain 15.44% over the last week, with a monthly amount glided 3.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mastec Inc. [NYSE: MTZ] stock has seen the most recent analyst activity on May 06, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $110 from $105. Previously, Truist started tracking the stock with Hold rating on March 14, 2024, and set its price target to $96. On March 04, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $96 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $105 on March 04, 2024. Robert W. Baird downgraded its rating to a Neutral and raised its price target to $75 on January 16, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on January 10, 2024, and assigned it a price target of $92. In a note dated November 16, 2023, Stifel initiated an Buy rating and provided a target price of $70 on this stock.
For the past year, the stock price of Mastec Inc. fluctuated between $44.65 and $113.69. Currently, Wall Street analysts expect the stock to reach $113.11 within the next 12 months. Mastec Inc. [NYSE: MTZ] shares were valued at $112.28 at the most recent close of the market. An investor can expect a potential return of 0.74% based on the average MTZ price forecast.
Analyzing the MTZ fundamentals
According to Mastec Inc. [NYSE:MTZ], the company’s sales were 12.19B for trailing twelve months, which represents an 3.03% jump. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.19 points at the first support level, and at 110.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.18, and for the 2nd resistance point, it is at 114.09.
Ratios To Look Out For
It is important to note that Mastec Inc. [NYSE:MTZ] has a current ratio of 1.27. On the other hand, the Quick Ratio is 1.23, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 3.28 and price to earnings (TTM) ratio is 1188.15.
Transactions by insiders
Recent insider trading involved Csiszar Ernst N, Director, that happened on Aug 22 ’24 when 4853.0 shares were sold. Director, ERNEST N CSISZAR completed a deal on Aug 22 ’24 to buy 4853.0 shares. Meanwhile, Director Campbell C Robert sold 2000.0 shares on May 22 ’24.
