Mastec Stock Soars to Near 52-Week High
January 14, 2023
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Mastec ($NYSE:MTZ) Inc. is a technology company that specializes in providing engineering and construction services for the energy, communication, and other related industries. The company’s stock has recently soared to near its 52-week high. This is a significant milestone as it is a sign of strong performance and investor confidence in the company. The company has seen an increase in demand for its services due to the current economic environment, as well as its focus on improving efficiency and cost savings for customers. Mastec has also been successful in expanding its presence in the communication industry, which has further contributed to the stock’s surge. Another factor driving the stock’s rise is the company’s strategic investments and acquisitions.
Mastec was able to acquire several smaller companies in order to expand its presence in the industry and gain access to new technologies. This has allowed them to diversify their offerings and provide customers with more options. Overall, Mastec Inc.’s stock surge is an indication of investor confidence in the company’s ability to continue to grow and succeed in the competitive market. The company has made strategic investments and acquisitions in order to stay ahead of the competition and provide customers with innovative solutions. With its stock now near its 52-week high, investors will be closely watching how Mastec Inc. continues to perform in the coming months.
Price History
Shares of Mastec Inc. surged to near a 52-week high on Wednesday, as news about the company has been mostly positive so far. Wednesday marked another strong day for the stock, as it opened at $96.6 and closed at $96.0, up by 0.1% from its previous closing price of 95.9. Mastec Inc. is a service provider for communications and infrastructure solutions, and it primarily serves customers in the United States and Canada. The company has grown significantly over the past few years and is now one of the leading providers in its industry. It has also recently diversified its product offerings and expanded its customer base, which has helped to drive its stock higher.
In addition, the company has been investing in new technologies and expanding its reach into new markets. This has enabled Mastec Inc. to capture a larger share of the market and gain more customers. Overall, Mastec Inc. is a reliable stock that has seen consistent growth over the past year, and its stock has managed to remain resilient even during periods of market volatility. Investors should take note of this positive trend and consider adding Mastec Inc. to their portfolio. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mastec. More…
| Total Revenues | Net Income | Net Margin |
| 8.58k | 106.77 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mastec. More…
| Operations | Investing | Financing |
| 412.65 | -882.17 | 328 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mastec. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.48k | 4.93k | 33.65 |
Key Ratios Snapshot
Some of the financial key ratios for Mastec are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.1% | -36.5% | 2.3% |
| FCF Margin | ROE | ROA |
| 1.9% | 4.9% | 1.7% |
VI Analysis
Company fundamentals are a great way to gauge a company’s long-term potential. The VI app makes it easier to analyze fundamentals of companies like MASTEC. The VI Star Chart gives us insights into the company’s asset strength, growth, profitability and dividend. MASTEC is classified as an ‘elephant’, a type of company with assets that are more than its liabilities. This type of company is likely to appeal to investors who are looking for strong assets that can be leveraged to generate more profits and dividends. Additionally, MASTEC has a high health score of 8/10, indicating that it is capable of paying off its debt and funding future operations. Overall, MASTEC appears to be a good investment choice for investors seeking companies backed by strong assets and the ability to generate profits and dividends over the long-term. The VI app makes it easy to analyze MASTEC’s fundamentals, giving investors a helpful tool to make informed decisions. More…
VI Peers
In the engineering and construction services industry, MasTec Inc faces competition from Assystem SA, Quanta Services Inc, and Elecnor SA. These companies are all large, international competitors with significant market share. While MasTec Inc has a strong presence in the United States, these companies have a strong international presence and are able to compete on a global scale.
– Assystem SA ($LTS:0OA7)
Assystem SA is a French engineering and consulting company. It was founded in 1966 and has since grown to become one of the largest engineering firms in the world. The company has a market capitalization of 547.52 million as of 2022 and a return on equity of 8.74%. Assystem SA provides engineering and consulting services to a variety of industries, including aerospace, defense, energy, transportation, and construction. The company has a strong presence in Europe, North America, and Asia.
– Quanta Services Inc ($NYSE:PWR)
Quanta Services, Inc. provides specialty contracting services in the United States, Canada, Australia, South America, and select other international markets. The company operates through Electric Power Infrastructure Services and Pipeline Infrastructure Services segments. The Electric Power Infrastructure Services segment engages in the installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, including substations, underground and overhead conductor systems, and wireless and fiber optic communication systems. This segment also provides asset management services; and turnkey installation and maintenance services for solar power generation systems. The Pipeline Infrastructure Services segment engages in the construction, upgrade, repair, maintenance, and decommissioning of natural gas and oil pipelines, natural gas gathering systems, and other pipeline infrastructure; and provides asset management services. This segment also offers horizontal directional drilling services for the installation of pipelines and conduit systems. The company was founded in 1997 and is headquartered in Houston, Texas.
– Elecnor SA ($LTS:0K97)
Electricnor SA is a Spanish engineering and construction company. It focuses on the development, design, and construction of renewable energy projects, mainly wind farms. As of 2022, it has a market capitalization of 850.99 million dollars and a return on equity of 18.71%.
Summary
Mastec Inc. stock has seen an impressive surge, reaching levels near its 52-week high. Analysts suggest that the stock is performing well due to the positive news surrounding the company. Investors are encouraged to consider adding Mastec to their portfolio, as the company has a strong history of financial growth and stability. Analysts also predict that the company will continue to experience success in the coming months, making it an attractive option for investors.
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