Mastec Inc. (MTZ) Testing Investors’ Patience Right Now

Currently, there are 79.28M common shares owned by the public and among those 61.66M shares have been available to trade.

The company’s stock has a 5-day price change of 3.31% and 28.76% over the past three months. MTZ shares are trading 46.16% year to date (YTD), with the 12-month market performance up to 0.57% higher. It has a 12-month low price of $44.65 and touched a high of $123.33 over the same period. MTZ has an average intraday trading volume of 733.52K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.04%, 10.16%, and 39.72% respectively.

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Institutional ownership of Mastec Inc. (NYSE: MTZ) shares accounts for 75.73% of the company’s 79.28M shares outstanding.

It has a market capitalization of $8.79B and a beta (3y monthly) value of 1.65. The earnings-per-share (ttm) stands at -$0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.41% over the week and 2.85% over the month.

Earnings per share for the fiscal year are expected to increase by 48.45%, and 45.34% over the next financial year.

Looking at the support for the MTZ, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on May 06, 2024, with the firm’s price target at $105-$110. Truist coverage for the Mastec Inc. (MTZ) stock in a research note released on March 14, 2024 offered a Hold rating with a price target of $96. Craig Hallum was of a view on March 04, 2024 that the stock is Buy, while TD Cowen gave the stock Outperform rating on March 04, 2024, issuing a price target of $85- $105. Robert W. Baird on their part issued Neutral rating on January 16, 2024.

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