While Mastec Inc. has overperformed by 3.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ fell by -7.81%, with highs and lows ranging from $123.33 to $44.65, whereas the simple moving average jumped by 10.61% in the last 200 days.
On March 04, 2024, Craig Hallum Upgraded Mastec Inc. (NYSE: MTZ) to Buy. A report published by TD Cowen on March 04, 2024, Reiterated its previous ‘Outperform’ rating for MTZ. Robert W. Baird also Downgraded MTZ shares as ‘Neutral’, setting a target price of $75 on the company’s shares in a report dated January 16, 2024. KeyBanc Capital Markets Initiated an Overweight rating on January 10, 2024, and assigned a price target of $92. Stifel initiated its ‘Buy’ rating for MTZ, as published in its report on November 16, 2023. Goldman’s report from November 08, 2023 suggests a price prediction of $54 for MTZ shares, giving the stock a ‘Neutral’ rating. Craig Hallum also rated the stock as ‘Hold’.
Analysis of Mastec Inc. (MTZ)
Further, the quarter-over-quarter increase in sales is 9.03%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Mastec Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -1.84% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and MTZ is recording an average volume of 1.02M. On a monthly basis, the volatility of the stock is set at 3.58%, whereas on a weekly basis, it is put at 4.42%, with a gain of 21.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $96.25, showing growth from the present price of $91.48, which can serve as yet another indication of whether MTZ is worth investing in or should be passed over.
How Do You Analyze Mastec Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.99%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MTZ shares are owned by institutional investors to the tune of 79.33% at present.
