MasTec Inc. (MTZ) Stock: Looks Like A Good Investment – Stocks Register
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MasTec Inc. (MTZ) Stock: Looks Like A Good Investment

MasTec Inc. (NYSE:MTZ) concluded the trading at $96.44 on Friday, January 14 with a rise of 2.09% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $94.47 and 5Y monthly beta was reading 1.20 with its price kept floating in the range of $93.044 and $96.61 on the day. Company’s P/E ratio for the trailing 12 months is 19.48. Considering stock’s 52-week price range provides that MTZ hit a high price of $122.33 and saw its price falling to a low level of $76.77 during that period. Over a period of past 1-month, stock came adding 8.73% in its value.


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With its current market valuation of $7.21 billion, MasTec Inc. is set to declare its quarterly results on Feb 23, 2022 – Feb 28, 2022. Analysts are in estimates of $1.31 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $5.54 for 2021 with estimates of that growing to $5.53 in next year. These estimates are suggesting current year growth of 8.40% for EPS and -0.20% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $1.88 billion. They suggested that in the process company could generate revenue of as low as $1.85 billion which could climb up to $1.91 billion to hit a high. The average estimate is representing an increase of 14.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $8.02 billion in 2021, which will be 26.90% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review MTZ stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.

According to ratings assigned by 13 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending MasTec Inc. (MTZ) as a Hold, while 11 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 1, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the MTZ stock which is currently positioned at 2.19. It further provides that stock’s current price level is 4.43% away from its 20-day simple moving average and is 3.05% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 58.76 while volatility remained at 3.30% over the past week which changes to 2.70% when measuring it over the past month. Beta is valued at 1.18, while measure of average true range or ATR is currently at 2.77.

In comparing MasTec Inc. (MTZ)’s stock with other industry players reveals that stock’s current price change of 2.09% and that of 18.75% over the past 12 months is in competing position with that of Crown Castle International Corp. (CCI) which saw its stock price fall by -1.72% in the last trading and went through an increase of 17.11% in past 12-month trading. Industry’s another major player SBA Communications Corporation (SBAC) has fall -2.37% down in previous session, but over the past year has faced a rise of 21.24%, while Jacobs Engineering Group Inc. (J) was also down -0.94% however its price remained floating in the green at 20.63% over the same period. MasTec Inc. has a P/E ratio of 19.48 against that of Crown Castle International Corp.’s 60.86 while SBA Communications Corporation is showing 126.17 for the same. On the other hand, the S&P 500 Index was up 0.08% in the last trading session while the Dow Jones Industrial closed the session lower at -0.56%.

Having a second look at MasTec Inc. (NYSE:MTZ) provides that stock’s average daily trading volume for 3 months was 611.19K. Number of outstanding shares of the stock stood at 72.50 million.

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The percentage of outstanding shares held by the insiders is 0.20% while it is 76.20% for the institutional holders. Addition of 4.51% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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