MasTec (MTZ) Stock Forecast, Price Target & Predictions
MTZ Stock Forecast
MasTec stock forecast is as follows: an average price target of $113.11 (represents a 0.74% upside from MTZ’s last price of $112.28) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
MTZ Price Target
The average price target for MasTec (MTZ) is $113.11 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $132.00 to $92.00. This represents a potential 0.74% upside from MTZ's last price of $112.28.
MTZ Analyst Ratings
According to 11 Wall Street analysts, MasTec's rating consensus is 'Buy'. The analyst rating breakdown for MTZ stock is 0 'Strong Buy' (0.00%), 10 'Buy' (90.91%), 1 'Hold' (9.09%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MasTec Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Brian Brophy | Stifel Nicolaus | $121.00 | $101.09 | 19.70% | 7.77% |
| May 31, 2024 | Alex Rygiel | B.Riley Financial | $132.00 | $111.39 | 18.50% | 17.56% |
| May 13, 2024 | Sangita Jain | KeyBanc | $120.00 | $106.53 | 12.64% | 6.88% |
| May 07, 2024 | Brent Thielman | D.A. Davidson | $120.00 | $105.81 | 13.41% | 6.88% |
| May 06, 2024 | Christian Schwab | Craig-Hallum | $125.00 | $106.08 | 17.84% | 11.33% |
| May 06, 2024 | Brian Brophy | Stifel Nicolaus | $120.00 | $101.80 | 17.88% | 6.88% |
| May 06, 2024 | Alex Rygiel | B.Riley Financial | $120.00 | $106.08 | 13.12% | 6.88% |
| May 06, 2024 | Sangita Jain | KeyBanc | $113.00 | $101.80 | 11.00% | 0.64% |
| May 06, 2024 | Andrew Wittmann | Robert W. Baird | $110.00 | $101.80 | 8.06% | -2.03% |
| Mar 13, 2024 | Jamie Cook | Truist Financial | $96.00 | $86.70 | 10.73% | -14.50% |
The latest MasTec stock forecast, released on Aug 05, 2024 by Brian Brophy from Stifel Nicolaus, set a price target of $121.00, which represents a 19.70% increase from the stock price at the time of the forecast ($101.09), and a 7.77% increase from MTZ last price ($112.28).
MasTec Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 12 |
| Avg Price Target | - | $121.00 | $114.83 |
| Last Closing Price | $112.28 | $112.28 | $112.28 |
| Upside/Downside | -100.00% | 7.77% | 2.27% |
In the current month, the average price target of MasTec stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MasTec's last price of $112.28. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 05, 2024 | B. Riley Securities | Buy | Buy | Hold |
| Aug 05, 2024 | B. Riley | Buy | Buy | Hold |
| Jul 22, 2024 | Craig-Hallum | Underperform | Underperform | Hold |
| Jul 22, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jul 22, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 27, 2024 | Craig-Hallum | Underperform | Underperform | Hold |
| Jun 27, 2024 | Goldman Sachs | Buy | Buy | Hold |
| May 31, 2024 | B. Riley | Buy | Buy | Hold |
| May 31, 2024 | B. Riley Securities | Buy | Buy | Hold |
| May 13, 2024 | D.A. Davidson | Underperform | Underperform | Hold |
MasTec's last stock rating was published by B. Riley Securities on Aug 05, 2024. The company gave MTZ a "Buy" rating, the same as its previous rate.
MasTec Financial Forecast
MasTec Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.28B | $3.26B | $2.87B | $2.58B | $3.01B | $2.51B | - | $1.95B | $1.81B | $2.40B |
| Avg Forecast | $5.52B | $5.34B | $5.15B | $4.98B | $4.81B | $4.65B | $4.49B | $4.33B | $3.73B | $3.88B | $3.33B | $3.04B | $3.57B | $3.75B | $3.26B | $2.94B | $3.32B | $3.44B | $3.09B | $2.63B | $3.26B | $3.79B | $3.00B | $2.39B | $2.91B | $2.55B | $2.24B | $1.79B | $1.88B | $2.28B |
| High Forecast | $5.55B | $5.36B | $5.18B | $5.00B | $4.83B | $4.67B | $4.51B | $4.36B | $3.75B | $3.90B | $3.34B | $3.05B | $3.59B | $3.77B | $3.28B | $2.96B | $3.34B | $3.45B | $3.11B | $2.64B | $3.28B | $3.81B | $3.02B | $2.40B | $2.93B | $2.56B | $2.24B | $1.84B | $1.93B | $2.34B |
| Low Forecast | $5.44B | $5.26B | $5.08B | $4.91B | $4.74B | $4.58B | $4.42B | $4.27B | $3.67B | $3.82B | $3.28B | $2.99B | $3.52B | $3.69B | $3.21B | $2.90B | $3.27B | $3.43B | $3.04B | $2.59B | $3.24B | $3.73B | $2.96B | $2.36B | $2.87B | $2.51B | $2.24B | $1.72B | $1.80B | $2.19B |
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.86% | 0.96% | 1.08% | 1.03% | 0.99% | - | 1.09% | 0.96% | 1.05% |
MasTec's average Quarter revenue forecast for Mar 24 based on 3 analysts is $2.63B, with a low forecast of $2.59B, and a high forecast of $2.64B. MTZ's average Quarter revenue forecast represents a -19.90% decrease compared to the company's last Quarter revenue of $3.28B (Dec 23).
MasTec EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $189.52M | $219.32M | $213.18M | $76.60M | $224.97M | $206.47M | - | $78.72M | $211.99M | $271.84M |
| Avg Forecast | $535.21M | $516.98M | $499.38M | $482.38M | $465.96M | $450.09M | $434.77M | $419.97M | $361.18M | $375.96M | $322.30M | $294.11M | $346.29M | $363.03M | $315.71M | $284.85M | $321.52M | $333.32M | $299.38M | $148.03M | $316.18M | $366.90M | $290.70M | $134.57M | $282.07M | $275.62M | $216.60M | $122.34M | $202.37M | $250.56M |
| High Forecast | $537.96M | $519.65M | $501.96M | $484.87M | $468.36M | $452.41M | $437.01M | $422.13M | $363.04M | $377.90M | $323.96M | $295.62M | $348.08M | $364.90M | $317.34M | $286.32M | $323.18M | $334.29M | $300.92M | $177.64M | $318.12M | $368.79M | $292.20M | $161.49M | $283.52M | $330.74M | $216.60M | $146.81M | $242.84M | $300.67M |
| Low Forecast | $527.40M | $509.45M | $492.10M | $475.35M | $459.17M | $443.53M | $428.43M | $413.85M | $355.91M | $370.48M | $317.60M | $289.82M | $341.24M | $357.73M | $311.11M | $280.70M | $316.83M | $332.36M | $295.02M | $118.42M | $314.24M | $361.55M | $286.46M | $107.66M | $277.95M | $220.49M | $216.60M | $97.87M | $161.89M | $200.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | 0.60% | 0.73% | 0.57% | 0.80% | 0.75% | - | 0.64% | 1.05% | 1.08% |
3 analysts predict MTZ's average Quarter EBITDA for Mar 24 to be $148.03M, with a high of $177.64M and a low of $118.42M. This is -21.89% lower than MasTec's previous annual EBITDA (Dec 23) of $189.52M.
MasTec Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $753.00K | $30.44M | $15.54M | $-80.55M | $3.22M | $48.90M | - | $-34.96M | $76.39M | $111.09M |
| Avg Forecast | $173.37M | $213.81M | $158.71M | $65.77M | $151.14M | $192.48M | $140.59M | $49.70M | $127.47M | $157.20M | $105.80M | $36.31M | $106.16M | $137.18M | $87.13M | $19.14M | $74.12M | $97.38M | $68.29M | $-65.79M | $35.67M | $145.36M | $67.34M | $-59.81M | $77.59M | $113.20M | $55.89M | $-54.37M | $73.08M | $102.91M |
| High Forecast | $174.53M | $215.25M | $159.77M | $66.21M | $152.15M | $193.77M | $141.53M | $50.03M | $128.32M | $158.25M | $106.51M | $36.55M | $106.88M | $138.09M | $87.71M | $19.27M | $74.62M | $98.96M | $68.75M | $-52.63M | $37.26M | $146.33M | $67.79M | $-47.85M | $78.11M | $135.84M | $55.89M | $-43.50M | $87.69M | $123.49M |
| Low Forecast | $170.08M | $209.76M | $155.70M | $64.52M | $148.28M | $188.83M | $137.93M | $48.76M | $125.06M | $154.22M | $103.80M | $35.62M | $104.15M | $134.58M | $85.47M | $18.78M | $72.72M | $95.54M | $67.00M | $-78.95M | $33.30M | $142.61M | $66.07M | $-71.77M | $76.12M | $90.56M | $55.89M | $-65.25M | $58.46M | $82.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.21% | 0.23% | 1.35% | 0.04% | 0.43% | - | 0.64% | 1.05% | 1.08% |
MasTec's average Quarter net income forecast for Mar 24 is $-65.79M, with a range of $-78.95M to $-52.63M. MTZ's average Quarter net income forecast represents a -8837.53% decrease compared to the company's last Quarter net income of $753.00K (Dec 23).
MasTec SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $178.19M | $180.64M | $176.16M | $163.91M | $155.19M | $125.07M | - | $145.39M | $67.97M | $91.64M |
| Avg Forecast | $266.17M | $257.10M | $248.35M | $239.89M | $231.73M | $223.84M | $216.22M | $208.86M | $179.62M | $186.97M | $160.28M | $146.26M | $172.22M | $180.54M | $157.01M | $141.66M | $159.90M | $165.77M | $148.89M | $273.48M | $157.24M | $182.46M | $144.57M | $248.62M | $140.28M | $93.38M | $107.72M | $226.02M | $64.81M | $84.89M |
| High Forecast | $267.54M | $258.43M | $249.63M | $241.13M | $232.92M | $224.99M | $217.33M | $209.93M | $180.54M | $187.93M | $161.11M | $147.02M | $173.10M | $181.47M | $157.82M | $142.39M | $160.72M | $166.25M | $149.65M | $328.17M | $158.20M | $183.40M | $145.31M | $298.34M | $141.00M | $112.06M | $107.72M | $271.22M | $77.78M | $101.87M |
| Low Forecast | $262.29M | $253.36M | $244.73M | $236.40M | $228.35M | $220.57M | $213.06M | $205.81M | $177.00M | $184.25M | $157.95M | $144.13M | $169.71M | $177.91M | $154.72M | $139.60M | $157.56M | $165.28M | $146.72M | $218.78M | $156.27M | $179.80M | $142.46M | $198.89M | $138.23M | $74.70M | $107.72M | $180.81M | $51.85M | $67.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 0.99% | 1.22% | 0.66% | 1.11% | 1.34% | - | 0.64% | 1.05% | 1.08% |
MasTec's average Quarter SG&A projection for Mar 24 is $273.48M, based on 3 Wall Street analysts, with a range of $218.78M to $328.17M. The forecast indicates a 53.48% rise compared to MTZ last annual SG&A of $178.19M (Dec 23).
MasTec EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 3 | 4 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.01 | $0.39 | $0.20 | $-1.05 | $0.04 | $0.66 | - | $-0.47 | $1.05 | $1.53 |
| Avg Forecast | $2.20 | $2.71 | $2.01 | $0.83 | $1.92 | $2.44 | $1.78 | $0.63 | $1.62 | $1.99 | $1.34 | $0.46 | $1.35 | $1.74 | $1.10 | $0.24 | $0.94 | $1.23 | $0.87 | $-0.41 | $0.45 | $1.84 | $0.85 | $-0.57 | $0.98 | $1.28 | $0.72 | $-0.13 | $1.29 | $1.69 |
| High Forecast | $2.21 | $2.73 | $2.03 | $0.84 | $1.93 | $2.46 | $1.79 | $0.63 | $1.63 | $2.01 | $1.35 | $0.46 | $1.36 | $1.75 | $1.11 | $0.24 | $0.95 | $1.25 | $0.87 | $-0.41 | $0.47 | $1.86 | $0.86 | $-0.56 | $0.99 | $1.29 | $0.72 | $-0.12 | $1.34 | $1.75 |
| Low Forecast | $2.16 | $2.66 | $1.97 | $0.82 | $1.88 | $2.39 | $1.75 | $0.62 | $1.59 | $1.96 | $1.32 | $0.45 | $1.32 | $1.71 | $1.08 | $0.24 | $0.92 | $1.21 | $0.85 | $-0.42 | $0.42 | $1.81 | $0.84 | $-0.57 | $0.97 | $1.25 | $0.72 | $-0.13 | $1.23 | $1.61 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.21% | 0.23% | 1.85% | 0.04% | 0.52% | - | 3.66% | 0.81% | 0.90% |
According to 3 Wall Street analysts, MasTec's projected average Quarter EPS for Mar 24 is $-0.41, with a low estimate of $-0.42 and a high estimate of $-0.41. This represents a -4419.27% decrease compared to MTZ previous annual EPS of $0.01 (Dec 23).
MasTec Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MYRG | MYR Group | $98.19 | $125.00 | 27.30% | Buy |
| APG | APi Group | $34.47 | $41.00 | 18.94% | Buy |
| J | Jacobs Engineering Group | $143.96 | $154.80 | 7.53% | Buy |
| DY | Dycom Industries | $184.74 | $192.33 | 4.11% | Buy |
| MTZ | MasTec | $112.28 | $113.11 | 0.74% | Buy |
| BLD | TopBuild | $386.49 | $376.29 | -2.64% | Buy |
| ROAD | Construction Partners | $65.09 | $62.33 | -4.24% | Strong Buy |
| GVA | Granite Construction | $76.37 | $70.00 | -8.34% | - |
| PWR | Quanta Services | $269.54 | $217.56 | -19.28% | Buy |
| PRIM | Primoris Services | $54.60 | $41.50 | -23.99% | Buy |
MTZ Forecast FAQ
Is MasTec a good buy?
Yes, according to 11 Wall Street analysts, MasTec (MTZ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 90.91% of MTZ's total ratings.
What is MTZ's price target?
MasTec (MTZ) average price target is $113.11 with a range of $92 to $132, implying a 0.74% from its last price of $112.28. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MasTec stock go up soon?
According to Wall Street analysts' prediction for MTZ stock, the company can go up by 0.74% (from the last price of $112.28 to the average price target of $113.11), up by 17.56% based on the highest stock price target, and down by -18.06% based on the lowest stock price target.
Can MasTec stock reach $200?
MTZ's average twelve months analyst stock price target of $113.11 does not support the claim that MasTec can reach $200 in the near future.
What are MasTec's analysts' financial forecasts?
MasTec's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $18.28B (high $18.37B, low $18.01B), average EBITDA is $1.77B (high $1.78B, low $1.74B), average net income is $533.91M (high $537.49M, low $523.8M), average SG&A $880.64M (high $885.17M, low $867.8M), and average EPS is $6.77 (high $6.82, low $6.64). MTZ's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $20.99B (high $21.1B, low $20.69B), average EBITDA is $2.03B (high $2.04B, low $2B), average net income is $611.65M (high $615.75M, low $600.06M), average SG&A $1.01B (high $1.02B, low $996.77M), and average EPS is $7.76 (high $7.81, low $7.61).
Did the MTZ's actual financial results beat the analysts' financial forecasts?
Based on MasTec's last annual report (Dec 2023), the company's revenue was $12B, which missed the average analysts forecast of $12.44B by -3.58%. Apple's EBITDA was $683.27M, missing the average prediction of $1.11B by -38.35%. The company's net income was $-118M, missing the average estimation of $188.57M by -162.64%. Apple's SG&A was $698.9M, missing the average forecast of $732.89M by -4.64%. Lastly, the company's EPS was $-1.52, missing the average prediction of $2.58 by -158.87%. In terms of the last quarterly report (Dec 2023), MasTec's revenue was $3.28B, beating the average analysts' forecast of $3.26B by 0.52%. The company's EBITDA was $189.52M, missing the average prediction of $316.18M by -40.06%. MasTec's net income was $753K, missing the average estimation of $35.67M by -97.89%. The company's SG&A was $178.19M, beating the average forecast of $157.24M by 13.32%. Lastly, the company's EPS was $0.0096, missing the average prediction of $0.452 by -97.88%