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 $141.92, up 0.46% from the previous day, and has increased 120.2% in one year. It has overperformed other stocks in the Engineering & Construction industry by 0.43 percentage points. Mastec stock is currently +132.81% from its 52-week low of $60.96, and -5.46% from its 52-week high of $150.12.
As of Dec 6, 2024, there are 79.23M MTZ shares outstanding. The market cap of MTZ is $11.25B. In the last 24 hours, 626,990 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
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 overvalued based on its P/E ratio of 124.49x, relative to Engineering & Construction industry P/E ratio of 53.59x
- MTZ may be undervalued based on its P/B ratio of 4x, relative to Engineering & Construction industry P/B ratio of 5.23x
- MTZ may be overvalued based on its PEG ratio of 1.25x
You can do more valuation analysis on MTZ's stock here.
MTZ Financial Health
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the MTZ balance sheet.
- MTZ's operating cash flow of $1.14B allows it to safely service it's debt of $2.73B.
- MTZ profit margin has gone up from -0.4% to 0.7% in the past year.
- 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 2.11.
- MTZ earnings of $336.86M is not sufficient to cover its interest payments.
- Total MTZ debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Mastec stock, according to analysts?
Out of 12 sell side analysts who research MTZ, the consensus analyst rating on MTZ is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent MTZ Analyst Upgrades/Downgrades
Steven Fisher, a top 12% analyst from UBS maintains MTZ with a strong buy rating and raises their MTZ price target from $129.00 to $147.00, on Oct 23, 2024.
Andy Kaplowitz, a top 1% analyst from Citigroup maintains MTZ with a strong buy rating and raises their MTZ price target from $122.00 to $150.00, on Oct 22, 2024.
Citigroup's Andy Kaplowitz raised their price target on Mastec (NYSE: MTZ) by 23% from $122 to $150 on 2024/10/22. The analyst maintained their Strong Buy rating on the stock.
MasTec will report its Q3 2024 earnings on 2024/11/01.
In a sector preview note, Kaplowitz predicted further upside from Citigroup's preferred engineering and construction names because "continued healthy end-market demand trends and ongoing self-help initiatives should support earnings growth."
The analyst detailed that earnings visibility remains "reasonably elevated" for most names in the group heading into the results and named Quanta Services their top pick, followed by Aecom and MasTec.
Earnings Report
For Q3 2024, MasTec reported:
- EPS of $1.63, which beat the Zacks Consensus Estimate of $1.23 and Q3 2023's $0.95.
- Revenue of $3.25B, which missed the Zacks Consensus Estimate of $3.45B and Q3 2023's $3.26B.
For Q4 2024, management guided:
- EPS of $1.29, compared to Q4 2023's $0.66.
- Revenue of $3.325B, compared to Q4 2023's $3.28B.
CEO Jose Mas commented: "I am pleased with our margin expansion that exceeded our guidance and which drove excellent bottom line performance.
"Once again, our record backlog and bookings in multiple segments illustrate the strength of our diversified business model and provide good visibility to the work that will drive MasTec's performance in 2025 and beyond."
Brian Brophy, a top 36% analyst from Stifel Nicolaus maintains MTZ with a strong buy rating and raises their MTZ price target from $121.00 to $150.00, on Oct 10, 2024.
Neil Mehta, a top 7% analyst from Goldman Sachs maintains MTZ with a hold rating and raises their MTZ price target from $115.00 to $130.00, on Oct 9, 2024.
Sangita Jain, a top 13% analyst from KeyBanc maintains MTZ with a strong buy rating and raises their MTZ price target from $123.00 to $145.00, on Oct 8, 2024.
You can dive deeper into what analysts are forecasting on the Mastec stock forecast page.
MTZ Technical Indicators
MTZ Earnings
Last year, MTZ earnings were $88.80M. During the past 5 year, MTZ's earnings have gone up by -23.32% per year. This was slower than the Engineering & Construction industry average of 21.79%.
Last year, MTZ revenue was $12.18B. Over the past 5 year, MTZ's revenue has increased by 10.51% per year. This was slower than the Engineering & Construction industry average of 13.14%.
Learn more about MTZ's earnings and revenue performance here.
Latest Insiders Trades at MTZ
Over the past year, executives and large shareholders at MTZ have sold more shares than they have bought.
Javier Alberto Palomarez, Director of MTZ, was the latest MTZ insider to sell. They sold $28,600.00 worth of MTZ shares on Dec 4, 2024.
Learn more about who owns MTZ shares here.
Can I rely on MTZ as an income stream?
No, Mastec doesn't provide an income stream by paying out dividends.
What others are saying about MTZ
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see 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 stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open button and eToro will place the order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your MTZ investment
Now that you own some MTZ stock, you'll want to keep up with your investment.
Create a watchlist to keep track of your MTZ stock.
MTZ Feed
How to Buy Stock in Mastec
To reiterate, here are the 6 steps to buy Mastec stock:
- 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 are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Mastec, hit the button below to create your watchlist.
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