Mastec Inc [MTZ] stock is trading at $132.61, up 2.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTZ shares have gain 7.18% over the last week, with a monthly amount glided 4.31%, 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 November 04, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $160 from $115. Previously, JP Morgan started tracking the stock with Overweight rating on October 07, 2024, and set its price target to $153. On May 06, 2024, TD Cowen reiterated its Buy rating and revised its price target to $110 on the stock. Truist started tracking the stock assigning a Hold rating and suggested a price target of $96 on March 14, 2024. Craig Hallum upgraded its rating to a Buy and raised its price target to $96 on March 04, 2024. TD Cowen reiterated a Outperform rating for this stock on March 04, 2024, and upped its price target to $105. In a note dated January 16, 2024, Robert W. Baird downgraded an Neutral rating on this stock and boosted its target price from $57 to $75.
Mastec Inc [MTZ] stock has fluctuated between $44.65 and $138.87 over the past year. Currently, Wall Street analysts expect the stock to reach $121.67 within the next 12 months. Mastec Inc [NYSE: MTZ] shares were valued at $132.61 at the most recent close of the market. An investor can expect a potential drop of -8.25% based on the average MTZ price forecast.
Analyzing the MTZ fundamentals
Mastec Inc [NYSE:MTZ] reported sales of 12.18B for the trailing twelve months, which represents a drop of -0.14%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.97.
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 130.66 points at the first support level, and at 128.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 134.82, and for the 2nd resistance point, it is at 137.02.
Ratios To Look Out For
For context, Mastec Inc’s Current Ratio is 1.24. On the other hand, the Quick Ratio is 1.20, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 3.74 and price to earnings (TTM) ratio is 118.49.
Transactions by insiders
Recent insider trading involved Apple Robert E, Officer, that happened on Nov 01 ’24 when 19023.0 shares were purchased. COO, Apple Robert E completed a deal on Oct 07 ’24 to sell 800.0 shares. Meanwhile, COO Apple Robert E sold 177.0 shares on Oct 08 ’24.
