A share price of Mastec Inc [MTZ] is currently trading at $122.89, up 2.41%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTZ shares have gain 0.29% over the last week, with a monthly amount drifted -1.79%, and not 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 October 07, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $153. Previously, TD Cowen reaffirmed its Buy rating on May 06, 2024, and elevated its price target to $110. On March 14, 2024, Truist initiated with a Hold rating and assigned a price target of $96 on the stock. Craig Hallum upgraded its rating to a Buy and increased its price target to $96 on March 04, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $105 on March 04, 2024. Robert W. Baird downgraded its rating to Neutral for this stock on January 16, 2024, and upped its price target to $75. In a note dated January 10, 2024, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $92 on this stock.
Mastec Inc experienced fluctuations in its stock price throughout the past year between $44.65 and $130.22. Currently, Wall Street analysts expect the stock to reach $121.67 within the next 12 months. Mastec Inc [NYSE: MTZ] shares were valued at $122.89 at the most recent close of the market. An investor can expect a potential drop of -0.99% based on the average MTZ price forecast.
Analyzing the MTZ fundamentals
Trailing Twelve Months sales for Mastec Inc [NYSE:MTZ] were 12.19B which represents 3.03% growth. 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 119.85 points at the first support level, and at 116.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.94, and for the 2nd resistance point, it is at 126.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mastec Inc [NYSE:MTZ] is 1.27. Further, the Quick Ratio stands at 1.23, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 3.59 and price to earnings (TTM) ratio is 1300.42.
Transactions by insiders
Recent insider trading involved Apple Robert E, COO, that happened on Oct 07 ’24 when 800.0 shares were sold. COO, Apple Robert E completed a deal on Oct 08 ’24 to sell 177.0 shares. Meanwhile, Officer Apple Robert E bought 177.0 shares on Oct 08 ’24.
