The stock price of Mastec Inc. (NYSE: MTZ) has surged by 2.29 when compared to previous closing price of 107.96, but the company has seen a 0.41% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-05 that CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ — MasTec, Inc. (NYSE: MTZ) (“MasTec”) today announced the pricing of its public offering of $550,000,000 aggregate principal amount of senior notes due 2029.
Is It Worth Investing in Mastec Inc. (NYSE: MTZ) Right Now?
The 36-month beta value for MTZ is at 1.67. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 7 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MTZ is 61.62M, and currently, shorts hold a 5.22% of that float. The average trading volume for MTZ on June 06, 2024 was 793.45K shares.
MTZ’s Market Performance
MTZ stock saw an increase of 0.41% in the past week, with a monthly gain of 4.36% and a quarterly increase of 24.61%. The volatility ratio for the week is 3.81%, and the volatility levels for the last 30 days are 2.74% for Mastec Inc. (MTZ). The simple moving average for the past 20 days is 1.67% for MTZ’s stock, with a 40.33% 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 13.08% 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 -10.46% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 3.81%, as shares surge +4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.97% upper at present.
During the last 5 trading sessions, MTZ rose by +0.41%, which changed the moving average for the period of 200-days by +17.28% in comparison to the 20-day moving average, which settled at $108.86. In addition, Mastec Inc. saw 45.84% 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 2,000 shares at the price of $110.00 back on May 22 ’24. After this action, Campbell C Robert now owns 50,725 shares of Mastec Inc., valued at $220,000 using the latest closing price.
Campbell C Robert, the Director of Mastec Inc., sale 3,000 shares at $108.00 during a trade that took place back on May 14 ’24, which means that Campbell C Robert is holding 52,289 shares at $324,000 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
- 0.1 for the gross margin
The net margin for Mastec Inc. stands at -0.0. The total capital return value is set at 0.08. Equity return is now at value -0.40, with -0.12 for asset returns.
Based on Mastec Inc. (MTZ), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 1.01. The interest coverage ratio of the stock is 2.06.
Currently, EBITDA for the company is 755.17 million with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
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.
