NYSE:MTZ

MasTec (MTZ) Stock Forecast, Price & News

$76.60

-1.53 (-1.96%)

(As of 09/22/2023 ET)

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Today's Range: $76.50
▼
$79.04
50-Day Range: $76.60
▼
$122.08
52-Week Range: $62.36
▼
$123.33

Volume: 1.58 million shs
Average Volume: 664,283 shs
Market Capitalization: $6.04 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $118.91

MasTec MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 55.2% Upside
$118.91 Price Target
Short Interest: Bearish
4.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.07
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 48.21%
From $3.63 to $5.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Construction Sector

14th out of 93 stocks

Water, Sewer, & Utility Lines Industry

1st out of 3 stocks

4.5

Analyst's Opinion

Consensus Rating
MasTec has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $118.91, MasTec has a forecasted upside of 55.2% from its current price of $76.60.
Amount of Analyst Coverage
MasTec has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.94% of the float of MasTec has been sold short.
Short Interest Ratio / Days to Cover
MasTec has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in MasTec has recently increased by 4.17%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
MasTec does not currently pay a dividend.
Dividend Growth
MasTec does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTZ.

2.8

News and Social Media Coverage

News Sentiment
MasTec has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MasTec this week, compared to 4 articles on an average week.
Search Interest
Only 6 people have searched for MTZ on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added MasTec to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MasTec insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.30% of the stock of MasTec is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
72.90% of the stock of MasTec is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for MasTec are expected to grow by 48.21% in the coming year, from $3.63 to $5.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MasTec is -478.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MasTec is -478.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MasTec has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MasTec (NYSE:MTZ) Stock

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, fiber, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; natural gas, carbon capture sequestration, and other product transport; electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure; compressor and pump stations, and treatment plants; and water infrastructure, including water pipelines. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and industrial and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, pipeline operators, heavy civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MTZ Price History

30 days | 90 days | 365 days | Advanced Chart

MTZ Stock News Headlines

September 17, 2023 | americanbankingnews.com

Head-To-Head Analysis: MasTec (NYSE:MTZ) & Concrete Pumping (NASDAQ:BBCP)

September 14, 2023 | americanbankingnews.com

Zacks Research Weighs in on MasTec, Inc.'s Q3 2024 Earnings (NYSE:MTZ)

September 22, 2023 | UNKNOWN (Ad)

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September 13, 2023 | americanbankingnews.com

Brokers Set Expectations for MasTec, Inc.'s FY2023 Earnings (NYSE:MTZ)

September 12, 2023 | finance.yahoo.com

MasTec (MTZ) is Benefiting from Multiple Tailwinds

September 5, 2023 | markets.businessinsider.com

MasTec (MTZ) Receives a Rating Update from a Top Analyst

September 1, 2023 | morningstar.com

MasTec Inc MTZ Stock Quote

September 1, 2023 | finance.yahoo.com

MasTec Senior Management to Participate in Webcast Fireside Chats at the Morgan Stanley and D.A. Davidson Institutional Investor Conferences

September 22, 2023 | UNKNOWN (Ad)

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August 24, 2023 | seekingalpha.com

MasTec: Struggles After The Acquisition Spree

August 22, 2023 | msn.com

UBS Maintains Mastec (MTZ) Buy Recommendation

August 21, 2023 | markets.businessinsider.com

Analyst Ratings for MasTec

August 10, 2023 | seekingalpha.com

MasTec, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | msn.com

DA Davidson Maintains Mastec (MTZ) Buy Recommendation

August 8, 2023 | msn.com

TD Cowen Maintains Mastec (MTZ) Outperform Recommendation

August 8, 2023 | msn.com

Credit Suisse Maintains Mastec (MTZ) Outperform Recommendation

August 5, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: XPO (XPO), MasTec (MTZ) and CSX (CSX)

August 4, 2023 | marketwatch.com

MasTec Shares Drop on Slashed Outlook, Delayed Contracts

August 4, 2023 | msn.com

MasTec plunges after slashing full-year earnings, sales guidance

August 4, 2023 | finance.yahoo.com

MasTec (MTZ) Q2 Earnings Beat, Backlog Rises, '23 Views Fall

August 4, 2023 | finance.yahoo.com

Why MasTec Stock Is Falling Today

August 3, 2023 | finance.yahoo.com

MasTec Announces Second Quarter 2023 Financial Results with Record Revenue and Updates Guidance for the Year

August 1, 2023 | finance.yahoo.com

MasTec Inc. (MTZ): A Construction Giant with Good Outperformance Potential

July 20, 2023 | finance.yahoo.com

MasTec Schedules Second Quarter 2023 Earnings Release and Conference Call

July 15, 2023 | 247wallst.com

Goldman Sachs Maintains Mastec Buy Recommendation

July 14, 2023 | markets.businessinsider.com

Robert W. Baird Sticks to Its Buy Rating for MasTec (MTZ)

July 12, 2023 | msn.com

Goldman Sachs Maintains Mastec (MTZ) Buy Recommendation

See More Headlines

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MTZ Company Calendar

Last Earnings: 8/03/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:MTZ
CUSIP: 57632310
CIK: 15615
Web: www.mastec.com
Phone: (305) 599-1800
Fax: 305-406-1960
Employees: 30,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $118.91
High Stock Price Forecast: $130.00
Low Stock Price Forecast: $98.00
Forecasted Upside/Downside: +55.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 21.10
P/E Growth: N/A
Net Income: $33.35 million
Net Margins: -0.12%
Pretax Margin: -0.30%
Return on Equity: 6.93%
Return on Assets: 2.10%

Debt

Debt-to-Equity Ratio: 1.17
Current Ratio: 1.57
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: $9.78 billion
Price / Sales: 0.62
Cash Flow: $8.56 per share
Price / Cash Flow: 8.95
Book Value: $34.87 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 78,860,000
Free Float: 62,063,000
Market Cap: $6.04 billion
Optionable: Optionable
Beta: 1.43

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Key Executives

Mr. Jose Ramon Mas (Age 52)
CEO & Director
Comp: $2.64M

Mr. Robert E. Apple (Age 73)
Chief Operating Officer
Comp: $1.6M

Mr. Alberto I. de Cardenas Esq. (Age 54)
Exec. VP, Gen. Counsel & Sec.
Comp: $952.49k

Mr. Paul Dimarco (Age 44)
Exec. VP & CFO

Mr. T. Michael Love (Age 57)
Chief Accounting Officer

Mr. J. Marc Lewis
VP of Investor Relations

Mr. Gary L. Smith
Sr. VP of Communications Group

Mr. Pablo A. Alvarez
Exec. VP of Mergers & Acquisitions

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MTZ Stock - Frequently Asked Questions

Should I buy or sell MasTec stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTZ shares.
View MTZ analyst ratings or view top-rated stocks.
What is MasTec's stock price forecast for 2023?: 10 analysts have issued 1 year target prices for MasTec's stock. Their MTZ share price forecasts range from $98.00 to $130.00. On average, they expect the company's stock price to reach $118.91 in the next twelve months. This suggests a possible upside of 55.2% from the stock's current price.
View analysts price targets for MTZ or view top-rated stocks among Wall Street analysts.
How have MTZ shares performed in 2023?: MasTec's stock was trading at $85.33 at the beginning of 2023. Since then, MTZ shares have decreased by 10.2% and is now trading at $76.60.
View the best growth stocks for 2023 here.
When is MasTec's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MTZ earnings forecast.
How were MasTec's earnings last quarter?: MasTec, Inc. (NYSE:MTZ) issued its quarterly earnings results on Thursday, August, 3rd. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.75 by $0.06. The construction company earned $2.87 billion during the quarter, compared to analyst estimates of $3.01 billion. MasTec had a positive trailing twelve-month return on equity of 6.93% and a negative net margin of 0.12%.
What ETFs hold MasTec's stock?: ETFs with the largest weight of MasTec (NYSE:MTZ) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Inspire Faithward Mid Cap Momentum ETF (GLRY), Touchstone Climate Transition ETF (HEAT), Acruence Active Hedge U.S. Equity ETF (XVOL), First Trust US Equity Opportunities ETF (FPX), Global X U.S. Infrastructure Development ETF (PAVE), Vanguard S&P Mid-Cap 400 Value ETF (IVOV) and SPDR S&P 400 Mid Cap Value ETF (MDYV).
What guidance has MasTec issued on next quarter's earnings?: MasTec issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $1.85-$2.13 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $3.80 billion-$3.90 billion, compared to the consensus revenue estimate of $3.70 billion.
What is José R. Mas' approval rating as MasTec's CEO?: 210 employees have rated MasTec Chief Executive Officer José R. Mas on Glassdoor.com. José R. Mas has an approval rating of 61% among the company's employees. This puts José R. Mas in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MasTec own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MasTec investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Bank of America (BAC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), CVS Health (CVS) and Walt Disney (DIS).
What is MasTec's stock symbol?: MasTec trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTZ."
Who are MasTec's major shareholders?: MasTec's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.63%), Allspring Global Investments Holdings LLC (4.62%), Nordea Investment Management AB (3.78%), Dimensional Fund Advisors LP (2.30%), Alliancebernstein L.P. (2.19%) and Legacy Advisors LLC (1.85%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Robert E Apple and Robert E Apple.
View institutional ownership trends.
How do I buy shares of MasTec?: Shares of MTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MasTec's stock price today?: One share of MTZ stock can currently be purchased for approximately $76.60.
How much money does MasTec make?: MasTec (NYSE:MTZ) has a market capitalization of $6.04 billion and generates $9.78 billion in revenue each year. The construction company earns $33.35 million in net income (profit) each year or ($0.16) on an earnings per share basis.
How many employees does MasTec have?: The company employs 30,000 workers across the globe.
How can I contact MasTec?: MasTec's mailing address is 800 S. Douglas Road 12th Floor, Coral Gables FL, 33134. The official website for the company is www.mastec.com. The construction company can be reached via phone at (305) 599-1800, via email at marc.lewis@mastec.com, or via fax at 305-406-1960.

This page (NYSE:MTZ) was last updated on 9/23/2023 by MarketBeat.com Staff

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