MasTec - MTZ Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTZ shares.
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7 equities research analysts have issued 12 month target prices for MasTec's stock. Their MTZ share price forecasts range from $97.00 to $125.00. On average, they expect the company's stock price to reach $111.80 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
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MasTec's stock was trading at $92.28 at the beginning of 2022. Since then, MTZ stock has decreased by 5.4% and is now trading at $87.34.
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MasTec saw a drop in short interest in November. As of November 15th, there was short interest totaling 2,080,000 shares, a drop of 25.2% from the October 31st total of 2,780,000 shares. Based on an average trading volume of 759,900 shares, the short-interest ratio is presently 2.7 days. Approximately 3.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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MasTec, Inc. (NYSE:MTZ) issued its quarterly earnings results on Thursday, November, 3rd. The construction company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The construction company earned $2.51 billion during the quarter, compared to the consensus estimate of $2.54 billion. MasTec had a net margin of 1.24% and a trailing twelve-month return on equity of 9.21%.

MasTec updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $1.00-$1.00 for the period, compared to the consensus earnings per share estimate of $1.09. The company issued revenue guidance of $2.90 billion-$2.90 billion, compared to the consensus revenue estimate of $2.47 billion.

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.

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).

MasTec trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTZ."

MasTec's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.82%), BlackRock Inc. (6.66%), Allspring Global Investments Holdings LLC (4.38%), Nordea Investment Management AB (4.25%), Dimensional Fund Advisors LP (3.17%) and Macquarie Group Ltd. (3.02%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Ernst N Csiszar, George Pita, Robert E Apple, Robert E Apple and Robert J Dwyer.
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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.
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One share of MTZ stock can currently be purchased for approximately $87.34.

MasTec (NYSE:MTZ) has a market capitalization of $6.83 billion and generates $7.95 billion in revenue each year. The construction company earns $328.83 million in net income (profit) each year or $1.42 on an earnings per share basis.

The company employs 25,000 workers across the globe.

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.