Tuesday, October 20, 2020

MasTec Inc. [MTZ] stock Upgrade by UBS analyst, price target now $56

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A sum of 1240038 shares traded at recent session while its average daily volume was at 831.23K shares. MasTec Inc. shares reached a high of $46.18 and dropped to a low of $43.21 until finishing in the latest session at $44.79.

The one-year MTZ stock forecast points to a potential upside of 18.3. The average equity rating for MTZ stock is currently 1.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on MasTec Inc. [MTZ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTZ shares is $54.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTZ stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for MasTec Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2020. While these analysts kept the previous recommendation, B. Riley FBR raised their target price from $40 to $46. The new note on the price target was released on May 04, 2020, representing the official price target for MasTec Inc. stock. Previously, the target price had yet another drop from $72 to $63, while Robert W. Baird kept a Outperform rating on MTZ stock. On October 24, 2019, analysts increased their price target for MTZ shares from 63 to 73.

The Average True Range (ATR) for MasTec Inc. is set at 1.75, with the Price to Sales ratio for MTZ stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 0.66. Price to Free Cash Flow for MTZ in the course of the last twelve months was 6.69 with Quick ratio for the last quarter at 1.30.

MTZ Stock Performance Analysis:

MasTec Inc. [MTZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.45. With this latest performance, MTZ shares dropped by -1.43% in over the last four-week period, additionally plugging by 64.25% over the last 6 months – not to mention a drop of -30.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTZ stock in for the last two-week period is set at 51.64, with the RSI for the last a single of trading hit 53.14, and the three-weeks RSI is set at 52.16 for MasTec Inc. [MTZ]. The present Moving Average for the last 50 days of trading for this stock 43.25, while it was recorded at 43.61 for the last single week of trading, and 45.86 for the last 200 days.

Insight into MasTec Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and MasTec Inc. [MTZ] shares currently have an operating margin of +8.05 and a Gross Margin at +12.22. MasTec Inc.’s Net Margin is presently recorded at +5.46.

Return on Total Capital for MTZ is now 18.47, given the latest momentum, and Return on Invested Capital for the company is 13.14. Return on Equity for this stock inclined to 24.70, with Return on Assets sitting at 8.18. When it comes to the capital structure of this company, MasTec Inc. [MTZ] has a Total Debt to Total Equity ratio set at 93.36. Additionally, MTZ Total Debt to Total Capital is recorded at 48.28, with Total Debt to Total Assets ending up at 32.87. Long-Term Debt to Equity for the company is recorded at 82.17, with the Long-Term Debt to Total Capital now at 42.50.

Receivables Turnover for the company is 3.78 with a Total Asset Turnover recorded at a value of 1.50.MasTec Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.

MTZ Stock EPS

With the latest financial reports released by the company, MasTec Inc. posted 1.73/share EPS, while the average EPS was predicted by analysts to be reported at 1.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MasTec Inc. go to -5.90%.

MasTec Inc. [MTZ] Insider Position Details

There are presently around $2,938 million, or 89.20% of MTZ stock, in the hands of institutional investors. The top three institutional holders of MTZ stocks are: BLACKROCK INC. with ownership of 7,528,169, which is approximately -3.348% of the company’s market cap and around 5.70% of the total institutional ownership; VANGUARD GROUP INC, holding 6,283,227 shares of the stock with an approximate value of $281.43 million in MTZ stocks shares; and MACQUARIE GROUP LTD, currently with $193.15 million in MTZ stock with ownership of nearly -4.743% of the company’s market capitalization.

Positions in MasTec Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 149 institutional holders increased their position in MasTec Inc. [NYSE:MTZ] by around 12,425,504 shares. Additionally, 186 investors decreased positions by around 8,537,862 shares, while 45 investors held positions by with 44,632,922 shares. The mentioned changes placed institutional holdings at 65,596,288 shares, according to the latest SEC report filing. MTZ stock had 53 new institutional investments in for a total of 1,915,586 shares, while 50 institutional investors sold positions of 2,128,966 shares during the same period.

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