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MasTec (MTZ) Stock Forecast, Price Target & Predictions

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MTZ Stock Forecast

MasTec stock forecast is as follows: an average price target of $151.00 (represents a 15.52% upside from MTZ’s last price of $130.71) 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 $151.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $173.00 to $121.00. This represents a potential 15.52% upside from MTZ's last price of $130.71.

MTZ Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 05, 2024Jamie CookTruist Financial$173.00$136.5426.70%32.35%
Nov 04, 2024Brent TheilmanD.A. Davidson$160.00$132.6120.65%22.41%
Oct 22, 2024Andrew KaplowitzCitigroup$150.00$128.2017.00%14.76%
Oct 16, 2024Alex RygielB.Riley Financial$151.00$125.3820.43%15.52%
Aug 05, 2024Brian BrophyStifel Nicolaus$121.00$101.0919.70%-7.43%
May 31, 2024Alex RygielB.Riley Financial$132.00$111.3918.50%0.99%
May 13, 2024Sangita JainKeyBanc$120.00$106.5312.64%-8.19%
May 07, 2024Brent ThielmanD.A. Davidson$120.00$105.8113.41%-8.19%
May 06, 2024Christian SchwabCraig-Hallum$125.00$106.0817.84%-4.37%
May 06, 2024Brian BrophyStifel Nicolaus$120.00$101.8017.88%-8.19%
May 06, 2024Alex RygielB.Riley Financial$120.00$106.0813.12%-8.19%
May 06, 2024Sangita JainKeyBanc$113.00$101.8011.00%-13.55%
May 06, 2024Andrew WittmannRobert W. Baird$110.00$101.808.06%-15.84%
Mar 13, 2024Jamie CookTruist Financial$96.00$86.7010.73%-26.55%
Mar 04, 2024Andrew WittmannRobert W. Baird$105.00$84.8523.75%-19.67%
Mar 04, 2024Christian SchwabCraig-Hallum$96.00$87.689.49%-26.55%
Jul 26, 2022Jamie CookCredit Suisse$102.00$71.7042.26%-21.96%
Jul 26, 2022Craig-Hallum$87.00$69.7524.72%-33.44%
Jul 26, 2022Citigroup$92.00$68.3634.58%-29.62%
May 09, 2022D.A. Davidson$105.00$75.0939.82%-19.67%
May 10, 2021Noelle DiltsStifel Nicolaus$125.00$115.558.18%-4.37%

The latest MasTec stock forecast, released on Nov 05, 2024 by Jamie Cook from Truist Financial, set a price target of $173.00, which represents a 26.70% increase from the stock price at the time of the forecast ($136.54), and a 32.35% increase from MTZ last price ($130.71).

MasTec Price Target by Period

1M3M12M
# Anlaysts-416
Avg Price Target-$158.50$125.75
Last Closing Price$130.71$130.71$130.71
Upside/Downside-100.00%21.26%-3.79%

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 $130.71. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024CitigroupBuyBuyHold
Oct 08, 2024KeyBancOverweightOverweightHold
Aug 05, 2024B. Riley SecuritiesBuyBuyHold
Aug 05, 2024B. RileyBuyBuyHold
Jul 22, 2024Craig-HallumUnderperformUnderperformHold
Jul 22, 2024Goldman SachsBuyBuyHold
Jul 22, 2024CitigroupBuyBuyHold
Jun 27, 2024Craig-HallumUnderperformUnderperformHold
Jun 27, 2024Goldman SachsBuyBuyHold
May 31, 2024B. RileyBuyBuyHold
May 31, 2024B. Riley SecuritiesBuyBuyHold
May 13, 2024D.A. DavidsonUnderperformUnderperformHold
May 13, 2024Truist FinancialBuyBuyHold
May 06, 2024Craig-HallumBuyBuyHold
May 06, 2024B. RileyBuyBuyHold
May 06, 2024Cowen & Co.BuyBuyHold
May 06, 2024KeyBancOverweightOverweightHold
May 06, 2024BarclaysOverweightOverweightHold
May 05, 2024CitigroupBuyBuyHold
Apr 22, 2024UBSBuyBuyHold
Mar 04, 2024UBSBuyBuyHold
Mar 04, 2024Cowen & Co.OutperformOutperformHold
Oct 18, 2023BarclaysOverweightOverweightHold
Oct 12, 2023RBC CapitalSector PerformDowngrade
Oct 12, 2023Wolfe ResearchUnderperformDowngrade
Jan 13, 2023BarclaysOverweightOverweightHold
Dec 27, 2022Cowen & Co.OutperformOutperformHold
Jul 26, 2022B. RileyBuyBuyHold
Jul 26, 2022Credit SuisseOutperformOutperformHold
Jul 26, 2022B. Riley SecuritiesBuyBuyHold
Jul 26, 2022Craig-HallumBuyBuyHold
Jul 26, 2022CitigroupBuyBuyHold
Feb 28, 2022BarclaysOverweightOverweightHold
Feb 28, 2022Credit SuisseOutperformOutperformHold

MasTec's last stock rating was published by Citigroup on Oct 22, 2024. The company gave MTZ a "Buy" rating, the same as its previous rate.

MasTec Financial Forecast

MasTec Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue--------------------$3.28B$3.26B$2.87B$2.58B$3.01B$2.51B$2.30B$1.95B$1.81B$2.40B
Avg Forecast$5.86B$5.66B$5.47B$5.28B$5.10B$4.93B$4.76B$4.60B$3.86B$3.79B$3.39B$3.08B$3.63B$3.58B$3.25B$2.86B$3.32B$3.43B$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$6.07B$5.86B$5.66B$5.47B$5.28B$5.10B$4.93B$4.76B$4.00B$3.93B$3.51B$3.19B$3.75B$3.71B$3.37B$2.87B$3.34B$3.43B$3.09B$2.63B$3.28B$3.79B$3.11B$2.48B$3.02B$2.55B$2.24B$1.79B$1.88B$2.28B
Low Forecast$5.68B$5.49B$5.30B$5.12B$4.95B$4.78B$4.62B$4.46B$3.75B$3.67B$3.29B$2.99B$3.51B$3.47B$3.15B$2.77B$3.30B$3.42B$3.09B$2.62B$3.24B$3.79B$2.91B$2.32B$2.82B$2.55B$2.24B$1.79B$1.88B$2.28B
# Analysts333344444444333584336333444433
Surprise %--------------------1.01%0.86%0.96%1.08%1.03%0.99%1.03%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 $2.62B, and a high forecast of $2.63B. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts333344444444333584336333444433
EBITDA--------------------$189.52M$219.32M$213.18M$76.60M$224.97M$206.47M$152.31M$78.72M$211.99M$271.84M
Avg Forecast$1.59B$1.54B$1.49B$1.44B$1.39B$1.34B$1.29B$1.25B$1.05B$1.03B$921.84M$838.61M$986.01M$974.24M$884.35M$778.05M$903.36M$931.77M$840.36M$148.03M$887.51M$1.03B$815.98M$134.57M$256.00M$246.98M$216.60M$122.34M$181.85M$221.02M
High Forecast$1.65B$1.59B$1.54B$1.49B$1.44B$1.39B$1.34B$1.30B$1.09B$1.07B$954.76M$868.55M$1.02B$1.01B$915.93M$780.68M$908.80M$933.03M$840.66M$177.64M$892.95M$1.03B$845.12M$161.49M$307.20M$246.98M$216.60M$146.81M$181.85M$221.02M
Low Forecast$1.55B$1.49B$1.44B$1.39B$1.35B$1.30B$1.26B$1.21B$1.02B$999.28M$893.72M$813.03M$955.93M$944.52M$857.38M$754.31M$897.91M$930.51M$840.06M$118.42M$882.06M$1.03B$791.09M$107.66M$204.80M$246.98M$216.60M$97.87M$181.85M$221.02M
Surprise %--------------------0.21%0.21%0.26%0.57%0.88%0.84%0.70%0.64%1.17%1.23%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts333344444444333584336333444433
Net Income--------------------$753.00K$30.44M$15.54M$-80.55M$3.22M$48.90M$16.21M$-34.96M$76.39M$111.09M
Avg Forecast$227.51M$263.95M$213.25M$117.08M$198.96M$237.45M$188.09M$93.40M$160.90M$174.85M$135.27M$58.17M$134.77M$148.58M$104.62M$31.63M$97.37M$97.07M$68.34M$-65.79M$35.70M$145.46M$67.39M$-59.81M$92.45M$100.84M$56.54M$-54.37M$101.96M$133.63M
High Forecast$238.07M$276.20M$223.15M$122.51M$208.20M$248.47M$196.82M$97.74M$168.37M$182.96M$141.55M$60.87M$141.03M$155.47M$109.48M$36.06M$102.96M$97.46M$68.38M$-52.63M$37.29M$145.47M$70.52M$-47.85M$110.93M$101.11M$56.54M$-43.50M$101.96M$133.63M
Low Forecast$218.48M$253.48M$204.79M$112.43M$191.07M$228.03M$180.63M$89.70M$154.52M$167.91M$129.91M$55.86M$129.43M$142.68M$100.47M$27.20M$75.82M$96.68M$68.30M$-78.95M$33.32M$145.45M$64.72M$-71.77M$73.96M$100.56M$56.54M$-65.25M$101.96M$133.63M
Surprise %--------------------0.02%0.21%0.23%1.35%0.03%0.48%0.29%0.64%0.75%0.83%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts333344444444333584336333444433
SG&A--------------------$178.19M$180.64M$176.16M$163.91M$155.19M$125.07M$133.78M$145.39M$67.97M$91.64M
Avg Forecast$282.40M$272.79M$263.50M$254.53M$245.86M$237.49M$229.40M$221.59M$186.15M$182.61M$163.32M$148.58M$174.69M$172.61M$156.68M$137.85M$160.05M$165.08M$148.89M$273.48M$157.24M$182.46M$144.57M$248.62M$81.99M$122.83M$107.72M$226.02M$90.44M$109.92M
High Forecast$292.48M$282.53M$272.91M$263.62M$254.64M$245.97M$237.60M$229.51M$192.79M$189.13M$169.15M$153.88M$180.93M$178.77M$162.28M$138.31M$161.01M$165.31M$148.94M$328.17M$158.20M$182.46M$149.73M$298.34M$98.39M$122.83M$107.72M$271.22M$90.44M$109.92M
Low Forecast$273.79M$264.46M$255.46M$246.76M$238.36M$230.25M$222.41M$214.84M$180.47M$177.04M$158.34M$144.04M$169.36M$167.34M$151.90M$133.64M$159.08M$164.86M$148.83M$218.78M$156.27M$182.46M$140.16M$198.89M$65.59M$122.83M$107.72M$180.81M$90.44M$109.92M
Surprise %--------------------1.13%0.99%1.22%0.66%1.89%1.02%1.24%0.64%0.75%0.83%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts333344444444333584336333444433
EPS--------------------$0.01$0.39$0.20$-1.05$0.04$0.66$0.22$-0.47$1.05$1.53
Avg Forecast$2.88$3.34$2.70$1.48$2.52$3.01$2.38$1.18$2.04$2.22$1.71$0.74$1.71$1.88$1.33$0.40$1.23$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$3.02$3.50$2.83$1.55$2.64$3.15$2.49$1.24$2.13$2.32$1.79$0.77$1.79$1.97$1.39$0.46$1.30$1.24$0.87$-0.40$0.47$1.84$0.89$-0.55$1.03$1.28$0.72$-0.13$1.29$1.69
Low Forecast$2.77$3.21$2.60$1.42$2.42$2.89$2.29$1.14$1.96$2.13$1.65$0.71$1.64$1.81$1.27$0.34$0.96$1.23$0.87$-0.43$0.42$1.84$0.82$-0.59$0.94$1.28$0.72$-0.13$1.29$1.69
Surprise %--------------------0.02%0.21%0.23%1.85%0.04%0.52%0.31%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 $-0.43 and a high estimate of $-0.40. This represents a -4419.27% decrease compared to MTZ previous annual EPS of $0.01 (Dec 23).

MasTec Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DYDycom Industries$176.99$230.5030.23%Buy
BLDTopBuild$338.29$431.0027.41%Buy
FIXComfort Systems USA$454.47$575.0026.52%Buy
JJacobs Engineering Group$134.66$163.0021.05%Buy
APGAPi Group$38.77$46.5019.94%Buy
MTZMasTec$136.54$151.0010.59%Buy
PWRQuanta Services$336.43$327.40-2.68%Buy
MYRGMYR Group$163.42$138.33-15.35%Buy
ROADConstruction Partners$95.90$79.67-16.92%Strong Buy
GVAGranite Construction$91.78$70.00-23.73%
PRIMPrimoris Services$80.87$41.50-48.68%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 $151 with a range of $121 to $173, implying a 15.52% from its last price of $130.71. 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 15.52% (from the last price of $130.71 to the average price target of $151), up by 32.35% based on the highest stock price target, and down by -7.43% based on the lowest stock price target.

Can MasTec stock reach $200?

MTZ's average twelve months analyst stock price target of $151 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 $19.39B (high $20.08B, low $18.8B), average EBITDA is $5.27B (high $5.46B, low $5.11B), average net income is $717.9M (high $751.23M, low $689.44M), average SG&A $934.35M (high $967.72M, low $905.85M), and average EPS is $9.1 (high $9.52, low $8.74). MTZ's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $22.27B (high $23.07B, low $21.59B), average EBITDA is $6.06B (high $6.27B, low $5.87B), average net income is $821.78M (high $859.92M, low $789.19M), average SG&A $1.07B (high $1.11B, low $1.04B), and average EPS is $10.41 (high $10.9, low $10).

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 $2.87B by -76.18%. The company's net income was $-118M, missing the average estimation of $188.73M by -162.58%. 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 $887.51M by -78.65%. MasTec's net income was $753K, missing the average estimation of $35.7M 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%