How to Buy Mastec Stock
Mastec Inc
Mastec is a engineering & construction company located in Florida, United States, which is part of the Industrials sector, and is traded under the ticker MTZ on the NYSE exchange.
Mastec stock last closed at $69.57, down 3.33% from the previous day, and has increased 4.01% in one year. It has underperformed other stocks in the Engineering & Construction industry by 0.19 percentage points. Mastec stock is currently +11.57% from its 52-week low of $62.36, and -43.59% from its 52-week high of $123.33.
As of Oct 2, 2023, there are 78.86M MTZ shares outstanding. The market cap of MTZ is $5.49B. In the last 24 hours, 1.4M MTZ shares were traded.
How to Buy Mastec Stock
Wondering how to invest in Mastec stock? Here's how.
- Figure out where to buy Mastec stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Mastec stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Analyze Mastec stock: The Mastec ticker symbol is MTZ. Is Mastec stock a good investment? Should you buy shares of MTZ? How do MTZ's underlying business fundamentals look? Do top analysts think Mastec is a good buy? Why has MTZ's stock price moved recently? (Hint: Our stock market research website can help you figure out if MTZ is a good stock to buy).
- Make your MTZ trade: Decide if you will purchase MTZ shares at the current market price or use a limit order to purchase MTZ shares at a particular price.
- Keep an eye on your MTZ investment: Create a watchlist to watch your position in Mastec shares.
Step 1: Figure out where to buy Mastec stock
You will need an online brokerage account to access the NYSE market and buy MTZ shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can buy MTZ stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Input your personal data to open your new brokerage account.
- Submit your information by hitting the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've created your account on the best stock investing app, you need to deposit funds:
Check out this video walkthrough for more details transferring money into your brokerage account.
Step 4: Analyze Mastec stock
Once you have selected the best place to buy Mastec stock, it's very important to analyze their stock before you buy, so you truly wrap your head around the risk and upside.
Mastec shares data
MTZ Overview
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MTZ's stock page.
Is MTZ stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MTZ's fair value.
Using relative valuations ratios:
- MTZ may be undervalued based on its P/B ratio of 2.05x, relative to Engineering & Construction industry P/B ratio of 3.26x
You can do more valuation research on MTZ's stock here.
Is MTZ a healthy company?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the MTZ balance sheet.
Negative Financial Indicators:
- MTZ has a relatively high debt to equity ratio of 2.46.
- MTZ's operating cash flow of $252.85M allows it to safely service it's debt of $3.68B.
- Total MTZ debt is higher than 5 years ago, relative to shareholder equity.
- MTZ earnings of $154.59M is not sufficient to cover its interest payments.
- MTZ profit margin has gone down from 2% to -0.1% in the past year.
- There are more long-term liabilities than short-term assets on the MTZ balance sheet.
Is it a good time to buy MTZ stock, according to Wall Street analysts?
Out of 9 sell side analysts who track MTZ, the consensus analyst rating on MTZ is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest MTZ Analyst Upgrades/Downgrades
Steven Fisher, a top 16% analyst from UBS maintains MTZ with a strong buy rating and lowers their MTZ price target from $136.00 to $119.00, on Aug 21, 2023.
Brent Thielman, a top 2% analyst from DA Davidson maintains MTZ with a strong buy rating and raises their MTZ price target from $110.00 to $120.00, on Aug 8, 2023.
DA Davidson's Brent Thielman raised their price target on Mastec (NYSE: MTZ) by 9.1% from $110 to $120 on 2023/08/08. The analyst maintained their Strong Buy rating on the stock.
Assessing the company's (2023/08/03) Q2 2023 print, the analyst said Mastec's most critical markets are "still very favorable."
While the pushout of some Clean Energy projects and near-term slowness in wireless activity were a disappointment, MasTec's position over the medium- to longer-term remains solid, Thielman contended.
Earnings Report
For Q2 2023, MasTec reported:
- EPS of $0.89, which beat the Zacks Consensus Estimate of $0.86 and, by 21.9%, Q2 2022’s $0.73.
- Revenue of $2.87B, which missed the Zacks Consensus Estimate of $3.01B but beat Q2 2022’s $2.30B by 25%.
- Adjusted EBITDA of $255.4M.
Management guided:
For Q3 2023:
- EPS of $1.85 to $2.13.
- Revenue of $3.8B to $3.9B.
- Adjusted EBITDA of $360M to $390M.
For FY 2023:
- EPS of $3.75 to $4.19.
- Revenue of $12.7B to $13B.
- Adjusted EBITDA of $1.05B to $1.1B.
CEO Jose Mas commented, "All of our segments showed improved margin performance this quarter compared to the comparable quarter last year.
“Our Clean Energy and Infrastructure segment showed the most improvement with an approximately 4% sequential improvement in adjusted EBITDA margin in Q2 and an approximately 6% improvement Y/Y.
“While margins improved as expected, we did begin to see tighter management of Capex by a number of customers.
“We also expect revenue at recently acquired IEA to be impacted in 2H 2023 because of project delays, with revenue being pushed into 2024."
"We have strong growth potential in all of our markets, and we are well-positioned to capitalize on these opportunities in all of our segments.
“While we are disappointed with 2H 2023 revenue expectations, our focus on improving margins has materialized and we expect this to continue in 2H 2023 and we expect to enter 2024 with significant revenue growth and margin expansion."
Marc Bianchi, a top 13% analyst from TD Cowen maintains MTZ with a buy rating and lowers their MTZ price target from $130.00 to $120.00, on Aug 7, 2023.
Adam Seiden, a bottom 11% analyst from Barclays maintains MTZ with a strong buy rating and lowers their MTZ price target from $135.00 to $120.00, on Aug 7, 2023.
Christian Schwab, a top 14% analyst from Craig-Hallum downgrades MTZ to a hold rating and announces their MTZ price target of $98.00, on Aug 7, 2023.
You can dive deeper into what analysts are saying on the Mastec stock forecast page.
MTZ Trading Indicators
MTZ Earnings
Last year, MTZ revenue was $10.98B. In the past five year, MTZ's revenue has gone up by 10.81% per year. This was slower than the Engineering & Construction industry average of 19.08%.
Dive into MTZ's earnings and revenue performance here.
What are MTZ executives and large shareholders up to?
In the last 12 months, executives and large shareholders at MTZ have sold more shares than they have bought.
Ernst N. Csiszar, Director of MTZ, was the latest MTZ insider to sell. They sold $10,410.69 worth of MTZ shares on Aug 15, 2023.
Research more about who owns MTZ stock here.
Can I rely on MTZ as an income stream?
No, Mastec doesn't provide an income stream by paying out dividends.
What do other traders have to say about MTZ?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your MTZ trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and eToro will place the order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your MTZ investment
Now that you own some shares in MTZ, you'll want to keep up with your investment.
Start a watchlist to track the latest developments regarding your MTZ stock.
MTZ Feed
How to Buy Stock in Mastec
To summarize, here are the 6 steps to buy stock in Mastec:
- Figure out where to buy Mastec stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Mastec stock
- Make your MTZ trade
- Keep an eye on your MTZ investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Mastec, add MTZ to your watchlist by clicking the button below.
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