MasTec, Inc. (NYSE:MTZ) has a mean price target of $33.04 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.51 a share for the very next quarter and $1.58 for this year.
The technical study of MasTec, Inc. Common Stock demonstrates that the 50-day moving average of MasTec, Inc. (NYSE:MTZ) stock is $28.49, and is trading $-0.90 points away or -3.15% from 50-day moving average of $28.49. It is trading $4.05 or +17.19% away 200-day moving average of $23.54.
The 52-week high of MasTec, Inc. (NYSE:MTZ) was $31.15 while $12.44 is the low mark in the same period. It state MasTec, Inc. Common Stock share price has to surge more than $-3.56 to hit 52-week high or drop +121.78% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of MasTec, Inc. Common Stock, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. MasTec, Inc. (NYSE:MTZ) ratio came in at N/A, after dividing current equity price by yearly earnings. MasTec, Inc. Common Stock stock recorded a close of $27.59 in last trading session, registering a market cap of $2.22B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. MasTec, Inc. (NYSE:MTZ) PEG ratio is at 1.33.
1 Chart Pattern Every Investor Should Know
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