The stock of Mastec Inc. (NYSE:MTZ) last traded at $49.48, up 1.02% from the previous session.
Data from the available sources indicates that Mastec Inc. (NYSE:MTZ) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $50.00, we find $67.50. Given the previous closing price of $48.98, this indicates a potential upside of 37.81 percent. MTZ stock price is now -35.45% away from the 50-day moving average and -47.33% away from the 200-day moving average. The market capitalization of the company currently stands at $3.90B.
In total, 1 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $78.00 as their price target over the next twelve months.
With the price target maintained at $50, Craig Hallum recently Downgraded its rating from Buy to Hold for Mastec Inc. (NYSE: MTZ).
In other news, DiMarco Paul, CFO sold 1,332 shares of the company’s stock on Oct 02. The stock was sold for $95,038 at an average price of $71.35. Upon completion of the transaction, the CFO now directly owns 16,620 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, CAO Love Timothy Michael sold 1,095 shares of the business’s stock. A total of $78,249 was realized by selling the stock at an average price of $71.46. This leaves the insider owning 10,525 shares of the company worth $0.52 million. Insiders disposed of 154,047 shares of company stock worth roughly $7.62 million over the past 1 year. A total of 22.94% of the company’s stock is owned by insiders.
With an opening price of $49.19 on Thursday morning, Mastec Inc. (NYSE: MTZ) set off the trading day. During the past 12 months, Mastec Inc. has had a low of $45.00 and a high of $123.33. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 1.44, and a quick ratio of 1.51. The fifty day moving average price for MTZ is $75.70 and a two-hundred day moving average price translates $93.72 for the stock.
The latest earnings results from Mastec Inc. (NYSE: MTZ) was released for Sep, 2023. According to the Engineering & Construction Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.85 by 0.04. This compares to $0.22 EPS in the same period last year. The net profit margin was -0.40% and return on equity was -1.81% for MTZ. The company reported revenue of $2.87 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.86 percent. For the current quarter, analysts expect MTZ to generate $3.76B in revenue.
