Should I buy or sell MasTec stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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?

12 Wall Street analysts have issued 1 year price objectives for MasTec's stock. Their MTZ share price targets range from $54.00 to $130.00. On average, they anticipate the company's stock price to reach $101.46 in the next year. This suggests a possible upside of 52.7% 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 start of the year. Since then, MTZ stock has decreased by 22.1% and is now trading at $66.43. View the best growth stocks for 2023 here .

Are investors shorting MasTec?

MasTec saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,570,000 shares, an increase of 19.0% from the October 15th total of 3,000,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 5.9% of the shares of the stock are sold short. View MasTec's Short Interest .

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our MTZ earnings forecast .

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by $0.96. The construction company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.83 billion. MasTec had a positive trailing twelve-month return on equity of 5.86% and a negative net margin of 0.40%.

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 updated its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $1.75-$1.75 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $12.00 billion-$12.00 billion, compared to the consensus revenue estimate of $12.72 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.64%), Nordea Investment Management AB (3.73%), Invesco Ltd. (2.00%), Electron Capital Partners LLC (1.89%), Legacy Advisors LLC (1.74%) and Vontobel Holding Ltd. (1.13%). Insiders that own company stock include C Robert Campbell , Cardenas Alberto De , Ernst N Csiszar , George Pita , Paul Dimarco , Robert E Apple, Robert E Apple 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Positive News SentimentPositive News

MasTec (MTZ) Stock Price, News & Analysis

$66.22

-0.21 (-0.32%)

(As of 09:45 AM ET)

Compare

Today's Range: $65.93
▼
$66.71
50-Day Range: $47.61
▼
$69.81
52-Week Range: $44.65
▼
$123.33

Volume: 30,127 shs
Average Volume: 808,155 shs
Market Capitalization: $5.22 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $101.46

MasTec MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 52.7% Upside
$101.46 Price Target
Short Interest: Bearish
6.61% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.65
Based on 2 Articles This Week
Insider Trading: Selling Shares
$173,287 Sold Last Quarter
Proj. Earnings Growth: 52.08%
From $1.44 to $2.19 Per Share

Overall MarketRank^™

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

2.92 out of 5 stars

Construction Sector

3rd out of 89 stocks

Water, Sewer, & Utility Lines Industry

1st out of 4 stocks

4.4

Analyst's Opinion

Consensus Rating
MasTec has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $101.46, MasTec has a forecasted upside of 52.7% from its current price of $66.43.
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
6.61% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MasTec has recently increased by 12.32%, indicating that investor sentiment is decreasing significantly.

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.

3.1

News and Social Media Coverage

News Sentiment
MasTec has a news sentiment score of 1.65. 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 0.73 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for MasTec this week, compared to 4 articles on an average week.
Search Interest
17 people have searched for MTZ on MarketBeat in the last 30 days. This is an increase of 13% 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 -33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MasTec insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $173,287.00 in 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 52.08% in the coming year, from $1.44 to $2.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MasTec is -105.44, 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 -105.44, 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 1.91. 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 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 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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTZ Stock News Headlines

November 21, 2023 | finance.yahoo.com

Even after rising 12% this past week, MasTec (NYSE:MTZ) shareholders are still down 41% over the past year

November 20, 2023 | finance.yahoo.com

MasTec (MTZ) is Benefitting from Multiple Factors

December 11, 2023 | Financial Alphas (Ad)

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November 16, 2023 | msn.com

MasTec, Quanta Services, MYR rated new Buys at Stifel as clean energy plays

November 15, 2023 | finance.yahoo.com

Implied Volatility Surging for MasTec (MTZ) Stock Options

November 8, 2023 | msn.com

MasTec downgraded to Neutral at Goldman Sachs

November 3, 2023 | finance.yahoo.com

MasTec, Inc. (NYSE:MTZ) Q3 2023 Earnings Call Transcript

November 3, 2023 | msn.com

Craig-Hallum Downgrades Mastec (MTZ)

December 11, 2023 | Autonomix (Ad)

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November 2, 2023 | markets.businessinsider.com

Expert Ratings for MasTec

November 2, 2023 | finance.yahoo.com

MasTec Senior Management to Present at the Robert W. Baird 2023 Global Industrial Investor Conference

November 1, 2023 | msn.com

MasTec: Engineering Struggles

November 1, 2023 | msn.com

MasTec tumbles to multiyear low after cutting guidance for earnings, revenues

November 1, 2023 | benzinga.com

Why MasTec (MTZ) Stock Is Getting Hammered Wednesday

November 1, 2023 | finance.yahoo.com

MasTec (MTZ) Misses on Q3 Earnings & Revenues, Trims '23 View

November 1, 2023 | finanznachrichten.de

MasTec, Inc.: MasTec Announces Third Quarter 2023 Financial Results and Updates Guidance for the Year

November 1, 2023 | marketwatch.com

MasTec Shares Drop 24%, Pressured by Project Delays

November 1, 2023 | finance.yahoo.com

MasTec Inc (MTZ) Reports Q3 2023 Earnings, Updates Full Year Guidance

October 31, 2023 | finance.yahoo.com

MasTec Announces Third Quarter 2023 Financial Results and Updates Guidance for the Year

October 19, 2023 | finance.yahoo.com

MasTec Schedules Third Quarter 2023 Earnings Release and Conference Call

October 18, 2023 | msn.com

Barclays Maintains Mastec (MTZ) Overweight Recommendation

October 18, 2023 | benzinga.com

MasTec, Inc: Company Investigated by the Portnoy Law Firm

October 17, 2023 | benzinga.com

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Investigate MasTec, Inc.(MTZ) for Potential Violations of Securities Laws

October 15, 2023 | stockhouse.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MasTec, Inc. - MTZ

October 12, 2023 | benzinga.com

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Investigate MasTec, Inc. (MTZ) for Potential Violations of Securities Laws

October 12, 2023 | msn.com

Craig-Hallum Upgrades Mastec (MTZ)

October 12, 2023 | markets.businessinsider.com

What 7 Analyst Ratings Have To Say About MasTec

See More Headlines

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Company Calendar

Last Earnings: 10/31/2023
Today: 12/10/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

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 Target: $101.46
High Stock Price Target: $130.00
Low Stock Price Target: $54.00
Potential Upside/Downside: +52.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.63)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 46.13
P/E Growth: N/A
Net Income: $33.35 million
Net Margins: -0.40%
Pretax Margin: -0.60%
Return on Equity: 5.86%
Return on Assets: 1.70%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 1.44
Quick Ratio: 1.39

Sales & Book Value

Annual Sales: $9.78 billion
Price / Sales: 0.54
Cash Flow: $9.40 per share
Price / Cash Flow: 7.07
Book Value: $34.87 per share
Price / Book: 1.91

Miscellaneous

Outstanding Shares: 78,820,000
Free Float: 62,034,000
Market Cap: $5.24 billion
Optionable: Optionable
Beta: 1.51

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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)
Executive VP, General Counsel & Secretary
Comp: $952.49k
Mr. Paul Dimarco (Age 44)
Executive VP & CFO
Mr. T. Michael Love (Age 57)
Chief Accounting Officer
Mr. J. Marc Lewis
Vice President of Investor Relations
Mr. Gary L. Smith
Senior Vice President of Communications Group
Mr. Pablo A. Alvarez
Group President of MasTec Brazil

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTZ Stock Analysis - Frequently Asked Questions

Should I buy or sell MasTec stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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?: 12 Wall Street analysts have issued 1 year price objectives for MasTec's stock. Their MTZ share price targets range from $54.00 to $130.00. On average, they anticipate the company's stock price to reach $101.46 in the next year. This suggests a possible upside of 52.7% 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 start of the year. Since then, MTZ stock has decreased by 22.1% and is now trading at $66.43.
View the best growth stocks for 2023 here.
Are investors shorting MasTec?: MasTec saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,570,000 shares, an increase of 19.0% from the October 15th total of 3,000,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 5.9% of the shares of the stock are sold short.
View MasTec's Short Interest.
When is MasTec's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our MTZ earnings forecast.
How were MasTec's earnings last quarter?: MasTec, Inc. (NYSE:MTZ) released its quarterly earnings data on Tuesday, October, 31st. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by $0.96. The construction company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.83 billion. MasTec had a positive trailing twelve-month return on equity of 5.86% and a negative net margin of 0.40%.

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 updated its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $1.75-$1.75 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $12.00 billion-$12.00 billion, compared to the consensus revenue estimate of $12.72 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.64%), Nordea Investment Management AB (3.73%), Invesco Ltd. (2.00%), Electron Capital Partners LLC (1.89%), Legacy Advisors LLC (1.74%) and Vontobel Holding Ltd. (1.13%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Paul Dimarco, Robert E Apple, Robert E Apple 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MTZ) was last updated on 12/11/2023 by MarketBeat.com Staff

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