The price-to-earnings ratio for Mastec Inc. (NYSE: MTZ) is above average at 1068.47x, Company’s 36-month beta value is 1.71.Analysts have differing opinions 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 4.18% ratio of that floaft. The average trading volume of MTZ on September 06, 2024 was 774.81K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MTZ) stock’s latest price update
Mastec Inc. (NYSE: MTZ)’s stock price has plunge by -2.85relation to previous closing price of 103.93. Nevertheless, the company has seen a -8.10% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-05 that CORAL GABLES, Fla., Sept. 5, 2024 /PRNewswire/ — MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in two analyst fireside chats in September.
MTZ’s Market Performance
Mastec Inc. (MTZ) has experienced a -8.10% fall in stock performance for the past week, with a -4.15% drop in the past month, and a -8.57% drop in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 3.35% for MTZ. The simple moving average for the past 20 days is -7.67% for MTZ’s stock, with a 12.90% simple moving average for the past 200 days.
Analysts’ Opinion of MTZ
Many brokerage firms have already submitted their reports for MTZ stocks, with TD Cowen repeating the rating for MTZ by listing it as a “Buy.” The predicted price for MTZ in the upcoming period, according to TD Cowen is $110 based on the research report published on May 06, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see MTZ reach a price target of $96. The rating they have provided for MTZ stocks is “Hold” according to the report published on March 14th, 2024.
Craig Hallum gave a rating of “Buy” to MTZ, setting the target price at $96 in the report published on March 04th of the current year.
MTZ Trading at -5.62% 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 -11.19% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.06% lower at present.
During the last 5 trading sessions, MTZ fell by -8.10%, which changed the moving average for the period of 200-days by +89.40% in comparison to the 20-day moving average, which settled at $109.19. In addition, Mastec Inc. saw 33.35% 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 Csiszar Ernst N, who sale 4,853 shares at the price of $110.96 back on Aug 22 ’24. After this action, Csiszar Ernst N now owns 25,000 shares of Mastec Inc., valued at $538,481 using the latest closing price.
ERNEST N CSISZAR, the Director of Mastec Inc., proposed sale 4,853 shares at $110.96 during a trade that took place back on Aug 22 ’24, which means that ERNEST N CSISZAR is holding shares at $538,481 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
- 0.09 for the gross margin
The net margin for Mastec Inc. stands at 0.0. The total capital return value is set at 0.07. Equity return is now at value 0.29, with 0.09 for asset returns.
Based on Mastec Inc. (MTZ), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is 1.72.
Currently, EBITDA for the company is 755.17 million with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 1.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In a nutshell, Mastec Inc. (MTZ) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
