While Mastec Inc. has underperformed by -2.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTZ fell by -7.43%, with highs and lows ranging from $123.33 to $44.65, whereas the simple moving average jumped by 3.08% in the last 200 days.
On March 14, 2024, Truist started tracking Mastec Inc. (NYSE: MTZ) recommending Hold. A report published by Craig Hallum on March 04, 2024, Upgraded its rating to ‘Buy’ for MTZ. TD Cowen also reiterated MTZ shares as ‘Outperform’, quoting a target price of $105 on the company’s shares in a report dated March 04, 2024. Robert W. Baird January 16, 2024d the rating to Neutral on January 16, 2024, and set its price target from $57 to $75. KeyBanc Capital Markets initiated its ‘Overweight’ rating for MTZ, as published in its report on January 10, 2024. Stifel’s report from November 16, 2023 suggests a price prediction of $70 for MTZ shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Mastec Inc. (MTZ)
Further, the quarter-over-quarter increase in sales is 9.03%, showing a positive trend in the upcoming months.
One of the most important indicators of Mastec Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and MTZ is recording 947.33K average volume. On a monthly basis, the volatility of the stock is set at 3.25%, whereas on a weekly basis, it is put at 4.38%, with a loss of -8.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $99.00, showing growth from the present price of $82.82, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 21.93%. 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 79.39% 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 79.39% at present.
