MasTec Inc. (NYSE: MTZ)’s stock price has decreased by -6.37 compared to its previous closing price of 93.30. However, the company has experienced a -11.74% decline in its stock price over the last five trading sessions.
Is It Worth Investing in MasTec Inc. (NYSE: MTZ) Right Now?
MasTec Inc. (NYSE: MTZ) has a higher price-to-earnings ratio of 198.55x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.38. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for MasTec Inc. (MTZ) is $114.00, which is $26.72 above the current market price. The public float for MTZ is 59.80M, and currently, short sellers hold a 4.00% ratio of that float. The average trading volume of MTZ on March 16, 2023 was 618.18K shares.
MTZ’s Market Performance
MTZ stock saw a decrease of -11.74% in the past week, with a monthly decline of -9.52% and a quarterly a decrease of 0.26%. The volatility ratio for the week is 4.12%, and the volatility levels for the last 30 days are 3.54% for MasTec Inc. (MTZ). The simple moving average for the last 20 days is -10.54% for MTZ stock, with a simple moving average of 4.56% for the last 200 days.
Analysts’ Opinion of MTZ
Many brokerage firms have already submitted their reports for MTZ stocks, with Craig Hallum repeating the rating for MTZ by listing it as a “Hold.” The predicted price for MTZ in the upcoming period, according to Craig Hallum is $97 based on the research report published on February 27th of the current year 2023.
Cowen, on the other hand, stated in their research note that they expect to see MTZ reach a price target of $120, previously predicting the price at $125. The rating they have provided for MTZ stocks is “Outperform” according to the report published on December 27th, 2022.
Cowen gave a rating of “Outperform” to MTZ, setting the target price at $110 in the report published on February 28th of the previous year.
MTZ Trading at -9.00% from the 50-Day Moving Average
After a stumble in the market that brought MTZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.59% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares sank -10.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.38% upper at present.
During the last 5 trading sessions, MTZ fell by -11.74%, which changed the moving average for the period of 200-days by +5.14% in comparison to the 20-day moving average, which settled at $97.13. In addition, MasTec Inc. saw 2.38% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTZ
Current profitability levels for the company are sitting at:
- +1.28 for the present operating margin
- +7.00 for the gross margin
The net margin for MasTec Inc. stands at +0.34. Equity return is now at value 6.70, with 2.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
To put it simply, MasTec Inc. (MTZ) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.