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Wednesday, February 1, 2023

Searching For Real Value In Market Debris At MasTec Inc. (NYSE: MTZ)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for MasTec Inc. (MTZ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.44, or -0.48%, to $92.18. The MasTec Inc. has recorded 11,155 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted MasTec Senior Management to Present at the Goldman Global Energy and Clean Technology Conference.


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Stocks Info

As a NYSE listed company, MTZ falls under the Industrials sector while operating within the Engineering & Construction industry segment. At the end of the last regular session, the stock closed at $92.62 and fluctuated between $93.50 as its day high and $91.35 as its day low. The current market capitalization of MasTec Inc. is $7.14B. A total of 0.51 million shares were traded on the day, compared to an average of 737.04K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MTZ has seen 6 BUY and 4 SELL insider trades, representing the acquisition of 2,756 and the disposition of 402 shares. Over the last 12 months, there were 28 BUYs and 20 SELLs from insiders. Insiders purchased 175,739 shares during that period but sold 51,481.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MTZ in the last 3 months, the mean price target is $111.00 with high estimates of $125.00 and low estimates of $97.00. In terms of 52-week highs and lows, MTZ has a high of $98.28 and a low of $62.36.

As of this writing, MTZ has an earnings estimate of $1.27 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.03. The company reported an EPS of -$0.03 in the last quarter, which was 72.70% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTZ is Hold with a score of 4.75. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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