MTZ has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTZ is 61.47M, and currently, short sellers hold a 4.68% ratio of that float. The average trading volume of MTZ on May 02, 2024 was 834.81K shares.
MTZ) stock’s latest price update
Mastec Inc. (NYSE: MTZ)’s stock price has soared by 0.83 in relation to previous closing price of 88.42. Nevertheless, the company has seen a gain of 3.45% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that The Zacks Construction sector is set to report strong results on the back of a solid housing market scenario amid labor woes.
MTZ’s Market Performance
Mastec Inc. (MTZ) has experienced a 3.45% rise in stock performance for the past week, with a -6.17% drop in the past month, and a 27.16% rise in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 3.57% for MTZ. The simple moving average for the last 20 days is 1.31% for MTZ’s stock, with a simple moving average of 13.28% for the last 200 days.
Analysts’ Opinion of MTZ
Many brokerage firms have already submitted their reports for MTZ stocks, with Truist repeating the rating for MTZ by listing it as a “Hold.” The predicted price for MTZ in the upcoming period, according to Truist is $96 based on the research report published on March 14, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see MTZ reach a price target of $96, previously predicting the price at $50. The rating they have provided for MTZ stocks is “Buy” according to the report published on March 04th, 2024.
TD Cowen gave a rating of “Outperform” to MTZ, setting the target price at $105 in the report published on March 04th of the current year.
MTZ Trading at 3.07% 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 -27.71% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -3.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.48% upper at present.
During the last 5 trading sessions, MTZ rose by +2.85%, which changed the moving average for the period of 200-days by -23.47% in comparison to the 20-day moving average, which settled at $87.83. In addition, Mastec Inc. saw 17.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTZ starting from DiMarco Paul, who sale 1,332 shares at the price of $71.35 back on Oct 02 ’23. After this action, DiMarco Paul now owns 16,620 shares of Mastec Inc., valued at $95,038 using the latest closing price.
Love Timothy Michael, the CAO of Mastec Inc., sale 1,095 shares at $71.46 during a trade that took place back on Oct 02 ’23, which means that Love Timothy Michael is holding 10,525 shares at $78,249 based on the most recent closing price.
Stock Fundamentals for MTZ
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.1 for the gross margin
The net margin for Mastec Inc. stands at -0.0. The total capital return value is set at 0.06. Equity return is now at value -1.84, with -0.52 for asset returns.
Based on Mastec Inc. (MTZ), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 1.74.
Currently, EBITDA for the company is 755.17 million with net debt to EBITDA at 3.99. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 3.84for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Mastec Inc. (MTZ) has had a better 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.
