MasTec Inc. (NYSE:MTZ) went down by -3.38% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Engineering & Construction giant went up by $43.49 to trade ended Wednesday trading at $45.01. This is down from the $45.01 price recorded on Tuesday’s trading session. Thanks to this latest performance, MTZ is closer to the higher price 52-week target of $71.00 and further from the lowest price target of $40.00. Its performance from the start of the year has also been negative, with MTZ down by -32.22% year-to-date.
MasTec Inc. (MTZ) started the day trading at $44.98 and recorded an intraday high of $45.38. It also recorded an intraday low of $43.23 during Wednesday’s trading session. MasTec Inc. is a very active stock that recorded a trading volume that is more than 20.89% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 1478869, which is more than 20.89 of the total average daily trading volume of 1.17 million.
MasTec Inc. (NYSE:MTZ) 2020 Performance Impressive
The increase in MTZ’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MTZ currently stands at $73.71, which is higher than the current trading price of the stock by 41.0%. However, MTZ’s current trading price is -93.2% lower than the 52-week low price of $22.51. In terms of trading volume, MasTec Inc. currently experienced healthy participation during the last trading session. 1478869 shares of MasTec Inc. were traded on the stock exchange on Wednesday, which is more than 20.89% of the 1.17 million average trading volume of the stock.
The performance of the stock has been positive over the past year. MTZ’s performance over the past one year has seen it plunge by -9.58%, while the stock has gone down by -29.53% in the last six months. The quarterly performance of MTZ currently stands at 86.17%, and it is up by 18.70% in the last month. The only positive figure was from the weekly performance, which currently reads 3.87%. At the time of writing MTZ’s report, the company has a total market cap of $3.08B, making it one of the largest publicly-traded companies in the world.MasTec Inc. also has over 20000 employees all over the world.
MTZ Insider Activities
For MasTec Inc., insiders hold 86.00% of all company shares. The insider transactions over the past six months are up by 2.40%. During that period, insiders bought 414,247 shares in 17 transactions. In that same period, insiders sold 9,435 of their shares in 8 transactions. After these transactions, insiders at MasTec Inc. now hold 17.82M shares, which is over 89.29% of the total company stocks. Institutional investors currently hold a large chunk of the MTZ shares, as they control 24.75% of the company’s total stock.
MTZ Fundamental Analysis
For MasTec Inc., the stock’s diluted earnings per share (EPS) stands at 5.08. In the coming year, analysts expect the EPS to be 4.02. The stock’s EPS growth this year is 67.30%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, MasTec Inc.’s quarterly sales (YOY) is growing at 0.81, which is lower than the average annual revenue of 29.50% over the past half a decade.
The Return on Investment (ROI) on MasTec Inc.’s stock currently stands at 13.80%, and it has a net profit margin of 5.40%. The operating margin of the company is 7.60%, and its gross margin is 15.50%.
MTZ Analysts Prediction
In May 04, 2020, several analysts reiterated their positions on the MasTec Inc. stock and predicted its performance to their investors. The analysts at B. Riley FBR believe MTZ is still a Buy and set the price target between $40 and $46. The Robert W. Baird has a Outperform rating for MasTec Inc., predicting the stock price to stay between $72 and $63. Another analyst that has a Neutral rating for MTZ is UBS, which set a price target of between $63 and $73. Barclays reiterate their Overweight position on the stock ($60 and $70)
UBS and Canaccord Genuity also believe that MasTec Inc.’s stock is outperforming at the moment.
At the moment, MasTec Inc.’s Total Debt to Equity ratio stands at 0.84, and they have a long-term Debt to Equity ratio of 0.77.
MTZ Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MTZ currently stands at 5.76%, while the SMA50 is 17.05%. The biggest one is the SMA200, which is currently reading -18.43% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 57.23, while its price to earnings ratio (P/E) is 8.56.