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NYSE:MTZ

MasTec - MTZ Stock Forecast, Price & News

$82.23
-0.92 (-1.11%)
(As of 08/15/2022 05:19 PM ET)
Add
Compare
Today's Range
$81.26
$82.97
50-Day Range
$68.36
$87.16
52-Week Range
$62.64
$104.21
Volume
475,920 shs
Average Volume
685,953 shs
Market Capitalization
$6.21 billion
P/E Ratio
36.22
Dividend Yield
N/A
Price Target
$110.18

MasTec MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.0% Upside
$110.18 Price Target
Short Interest
Healthy
3.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of MasTec in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
91.73%
From $2.78 to $5.33 Per Share

Overall MarketRank

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

3.20 out of 5 stars

Construction Sector

1st out of 106 stocks

Water, Sewer, & Utility Lines Industry

1st out of 6 stocks

MTZ stock logo

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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. 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 heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

MasTec Price Performance

Shares of MTZ opened at $83.15 on Monday. The company has a 50 day moving average price of $75.50 and a 200-day moving average price of $79.81. MasTec has a fifty-two week low of $62.64 and a fifty-two week high of $104.21. The stock has a market capitalization of $6.28 billion, a PE ratio of 36.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.55 and a current ratio of 1.61.

MasTec (NYSE:MTZ - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. MasTec had a net margin of 1.99% and a return on equity of 10.82%. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the prior year, the company earned $1.23 EPS. The company's revenue was up 17.3% compared to the same quarter last year. Equities analysts predict that MasTec will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. StockNews.com cut shares of MasTec from a "hold" rating to a "sell" rating in a research note on Monday, August 8th. Cowen lifted their price target on shares of MasTec from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Monday, August 8th. DA Davidson boosted their price objective on shares of MasTec to $110.00 in a research report on Tuesday, August 9th. Robert W. Baird boosted their price objective on shares of MasTec from $83.00 to $106.00 in a research report on Monday, August 8th. Finally, Cowen boosted their price objective on shares of MasTec from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, MasTec has a consensus rating of "Moderate Buy" and a consensus target price of $110.18.

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MTZ Stock News Headlines

MasTec (NYSE:MTZ) Downgraded by StockNews.com
MasTec (NYSE:MTZ) PT Raised to $110.00 at DA Davidson
Cowen Boosts MasTec (NYSE:MTZ) Price Target to $125.00
MasTec (NYSE:MTZ) PT Raised to $125.00
MasTec (MTZ) Matches Q2 Earnings Estimates
See More Headlines
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MTZ Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
CUSIP
57632310
Employees
25,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$110.18
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+34.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$328.83 million
Pretax Margin
2.38%

Debt

Sales & Book Value

Annual Sales
$7.95 billion
Cash Flow
$10.81 per share
Book Value
$34.24 per share

Miscellaneous

Free Float
59,072,000
Market Cap
$6.21 billion
Optionable
Optionable
Beta
1.28














MTZ Stock - Frequently Asked Questions

Should I buy or sell MasTec stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasTec in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTZ shares.
View MTZ analyst ratings
or view top-rated stocks.

What is MasTec's stock price forecast for 2022?

8 analysts have issued 12 month price objectives for MasTec's shares. Their MTZ share price forecasts range from $97.00 to $125.00. On average, they expect the company's share price to reach $110.18 in the next year. This suggests a possible upside of 33.7% 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 2022?

MasTec's stock was trading at $92.28 at the beginning of 2022. Since then, MTZ stock has decreased by 10.7% and is now trading at $82.38.
View the best growth stocks for 2022 here
.

When is MasTec's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MTZ earnings forecast
.

How were MasTec's earnings last quarter?

MasTec, Inc. (NYSE:MTZ) issued its quarterly earnings data on Thursday, August, 4th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The construction company earned $2.30 billion during the quarter, compared to analyst estimates of $2.24 billion. MasTec had a net margin of 1.99% and a trailing twelve-month return on equity of 10.82%. The business's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS.

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

MasTec updated its FY 2022 earnings guidance on Monday, August, 15th. The company provided earnings per share guidance of $3.09-$3.09 for the period, compared to the consensus earnings per share estimate of $3.53. The company issued revenue guidance of $9.20 billion-$9.20 billion, compared to the consensus revenue estimate of $9.19 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 many different institutional and retail investors. Top institutional shareholders include Nordea Investment Management AB (4.30%), Allspring Global Investments Holdings LLC (4.07%), Legacy Advisors LLC (2.41%), Frontier Capital Management Co. LLC (1.81%), Pzena Investment Management LLC (1.21%) and Handelsbanken Fonder AB (0.85%). Insiders that own company stock include C Robert Campbell, Cardenas Alberto De, Cardenas Alberto De, Ernst N Csiszar, George Pita, Robert E Apple, Robert E Apple and Robert J Dwyer.
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 $82.38.

How much money does MasTec make?

MasTec (NYSE:MTZ) has a market capitalization of $6.22 billion and generates $7.95 billion in revenue each year. The construction company earns $328.83 million in net income (profit) each year or $2.27 on an earnings per share basis.

How many employees does MasTec have?

The company employs 25,000 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 8/15/2022 by MarketBeat.com Staff

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