MasTec, Inc. (MTZ)
NYSE: MTZ · IEX Real-Time Price · USD
84.42
+0.98 (1.17%)
At close: Apr 19, 2024, 4:00 PM
80.19
-4.23 (-5.01%)
After-hours: Apr 19, 2024, 4:40 PM EDT
MasTec Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for MasTec stock have an average target of 94.08, with a low estimate of 61 and a high estimate of 106. The average target predicts an increase of 11.44% from the current stock price of 84.42.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 14, 2024.
Analyst Ratings
The average analyst rating for MasTec stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 6 | 6 |
| Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Hold | 2 | 2 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Initiates $96 | Hold | Initiates | $96 | +13.72% | Mar 14, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $83 → $104 | Strong Buy | Maintains | $83 → $104 | +23.19% | Mar 8, 2024 |
| Barclays | Barclays | Buy Maintains $55 → $106 | Buy | Maintains | $55 → $106 | +25.56% | Mar 5, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $70 → $100 | Strong Buy | Maintains | $70 → $100 | +18.46% | Mar 5, 2024 |
| DA Davidson | DA Davidson | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | -17.08% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
12.66B
from 12.00B
Increased by 5.49%
Revenue Next Year
13.63B
from 12.66B
Increased by 7.71%
EPS This Year
2.72
from -0.64
EPS Next Year
4.20
from 2.72
Increased by 54.60%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.3B | 14.8B | 15.5B | 15.6B | 16.2B |
| Avg | 12.7B | 13.6B | 14.3B | 14.9B | 15.6B |
| Low | 12.1B | 12.8B | 12.8B | 14.3B | 15.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.5% | 17.1% | 14.0% | 9.1% | 9.0% |
| Avg | 5.5% | 7.7% | 4.9% | 4.2% | 4.9% |
| Low | 0.9% | 0.9% | -6.1% | 0.3% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.39 | 5.25 | 6.51 | 8.18 | 7.15 |
| Avg | 2.72 | 4.20 | 5.31 | 6.83 | 6.88 |
| Low | 2.44 | 3.46 | 4.27 | 5.63 | 6.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 93.2% | 55.0% | 54.1% | 4.7% |
| Avg | - | 54.6% | 26.4% | 28.7% | 0.7% |
| Low | - | 27.3% | 1.7% | 5.9% | -2.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.