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.
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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.
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You can see all of the due diligence checks on MTZ's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge MTZ's fair value.
Using relative valuations ratios:
You can do more valuation research on MTZ's stock here.
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.
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.
For Q2 2023, MasTec reported:
For Q3 2023:
For FY 2023:
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.
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.
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.
No, Mastec doesn't provide an income stream by paying out dividends.
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