MasTec (MTZ) Stock Price, News & Analysis

$107.30
+0.85 (+0.80%)
(As of 05/17/2024 ET)
Today's Range
$105.83
$107.39
50-Day Range
$82.82
$108.07
52-Week Range
$44.65
$123.33
Volume
500,337 shs
Average Volume
918,465 shs
Market Capitalization
$8.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$111.62

MasTec MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
4.0% Upside
$111.62 Price Target
Short Interest
Bearish
5.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of MasTec in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$304,010 Sold Last Quarter
Proj. Earnings Growth
54.26%
From $2.58 to $3.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.87 out of 5 stars

Construction Sector

66th out of 102 stocks

Water, Sewer, & Utility Lines Industry

5th out of 5 stocks

MTZ stock logo

About MasTec Stock (NYSE:MTZ)

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 build infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. 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 civil 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, including renewable and other energy providers, pipeline operators, civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MTZ Stock Price History

MTZ Stock News Headlines

KeyCorp Boosts MasTec (NYSE:MTZ) Price Target to $120.00
A Closer Look at 21 Analyst Recommendations For MasTec
MasTec (NYSE:MTZ) PT Raised to $120.00 at DA Davidson
MasTec (NYSE:MTZ) PT Raised to $110.00
MasTec (NYSE:MTZ) PT Raised to $125.00 at Craig Hallum
MasTec (NYSE:MTZ) PT Raised to $120.00 at Stifel Nicolaus
MasTec (NYSE:MTZ) PT Raised to $130.00 at Barclays
MasTec (NYSE:MTZ) PT Raised to $120.00
MasTec (NYSE:MTZ) PT Raised to $113.00 at KeyCorp
MasTec Shares Rise 13% After Boosting Outlook
KeyBanc Keeps Their Buy Rating on MasTec (MTZ)
Why MasTec Stock Is Up Today
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
5/17/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
CUSIP
57632310
Employees
34,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$111.62
High Stock Price Target
$130.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-49,950,000.00
Pretax Margin
-0.02%

Debt

Sales & Book Value

Annual Sales
$12.00 billion
Cash Flow
$9.33 per share
Book Value
$33.85 per share

Miscellaneous

Free Float
62,533,000
Market Cap
$8.53 billion
Optionable
Optionable
Beta
1.61
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Key Executives


MTZ Stock Analysis - Frequently Asked Questions

Should I buy or sell MasTec stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 3 hold ratings and 10 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 target for 2024?

13 brokerages have issued 12 month target prices for MasTec's shares. Their MTZ share price targets range from $61.00 to $130.00. On average, they predict the company's stock price to reach $111.62 in the next year. This suggests a possible upside of 4.0% 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 2024?

MasTec's stock was trading at $75.72 at the beginning of 2024. Since then, MTZ stock has increased by 41.7% and is now trading at $107.30.
View the best growth stocks for 2024 here
.

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our MTZ earnings forecast
.

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) announced its quarterly earnings data on Thursday, February, 29th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.20. The construction company earned $3.28 billion during the quarter, compared to analyst estimates of $3.26 billion. MasTec had a positive trailing twelve-month return on equity of 6.19% and a negative net margin of 0.09%.

What guidance has MasTec issued on next quarter's earnings?

MasTec updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of 2.950-2.950 for the period, compared to the consensus earnings per share estimate of 2.690. The company issued revenue guidance of $12.6 billion-$12.6 billion, compared to the consensus revenue estimate of $12.5 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).

Who are MasTec's major shareholders?

MasTec's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.53%), Nordea Investment Management AB (4.01%), Allspring Global Investments Holdings LLC (2.51%), Hood River Capital Management LLC (0.94%), Mirae Asset Global Investments Co. Ltd. (0.44%) and Edmond DE Rothschild Holding S.A. (0.29%). Insiders that own company stock include C Robert Campbell, Javier Alberto Palomarez, Paul Dimarco and Timothy Michael Love.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTZ) was last updated on 5/18/2024 by MarketBeat.com Staff

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