Mastec Inc (NYSE: MTZ) has a higher price-to-earnings ratio of 126.93x compared to its average ratio, The 36-month beta value for MTZ is at 1.72. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MTZ is 61.48M, and currently, shorts hold a 3.69% of that float. The average trading volume for MTZ on November 22, 2024 was 817.42K shares.
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MTZ) stock’s latest price update
Mastec Inc (NYSE: MTZ)’s stock price has soared by 0.88 in relation to previous closing price of 140.82. Nevertheless, the company has seen a gain of 3.39% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ, GVA, PRIM and GLDD from the Zacks Building Products – Heavy Construction industry.
MTZ’s Market Performance
Mastec Inc (MTZ) has seen a 3.39% rise in stock performance for the week, with a 16.14% gain in the past month and a 26.90% surge in the past quarter. The volatility ratio for the week is 3.12%, 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 5.33% for MTZ’s stock, with a 34.18% simple moving average for the past 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 “Buy.” The predicted price for MTZ in the upcoming period, according to Truist is $173 based on the research report published on November 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see MTZ reach a price target of $160, previously predicting the price at $115. The rating they have provided for MTZ stocks is “Buy” according to the report published on November 04th, 2024.
JP Morgan gave a rating of “Overweight” to MTZ, setting the target price at $153 in the report published on October 07th of the current year.
MTZ Trading at 10.63% 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 -3.51% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +15.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.68% upper at present.
During the last 5 trading sessions, MTZ rose by +3.39%, which changed the moving average for the period of 200-days by +106.93% in comparison to the 20-day moving average, which settled at $134.87. In addition, Mastec Inc saw 87.61% 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 Campbell C Robert, who sale 3,000 shares at the price of $145.41 back on Nov 11 ’24. After this action, Campbell C Robert now owns 45,173 shares of Mastec Inc, valued at $436,245 using the latest closing price.
Love Timothy Michael, the CAO of Mastec Inc, sale 600 shares at $140.81 during a trade that took place back on Nov 06 ’24, which means that Love Timothy Michael is holding 11,196 shares at $84,485 based on the most recent closing price.
Stock Fundamentals for MTZ
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.09 for the gross margin
The net margin for Mastec Inc stands at 0.01. The total capital return value is set at 0.08. Equity return is now at value 3.22, with 0.97 for asset returns.
Based on Mastec Inc (MTZ), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 2.2.
Currently, EBITDA for the company is 683.27 million with net debt to EBITDA at 2.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In conclusion, Mastec Inc (MTZ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
