MasTec, Inc. (MTZ)
NYSE: MTZ · IEX Real-Time Price · USD
112.25
+0.86 (0.77%)
May 31, 2024, 4:00 PM EDT - Market closed
MasTec Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for MasTec stock have an average target of 115.08, with a low estimate of 92 and a high estimate of 132. The average target predicts an increase of 2.52% from the current stock price of 112.25.
Analyst Consensus: Strong Buy
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 6 | 6 | 7 |
| Buy | 4 | 4 | 4 | 3 | 3 | 2 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $120 → $132 | Strong Buy | Maintains | $120 → $132 | +17.59% | May 31, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $88 → $109 | Hold | Maintains | $88 → $109 | -2.90% | May 28, 2024 |
| Keybanc | Keybanc | Buy Maintains $113 → $120 | Buy | Maintains | $113 → $120 | +6.90% | May 13, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $100 → $120 | Strong Buy | Maintains | $100 → $120 | +6.90% | May 7, 2024 |
| Stifel | Stifel | Strong Buy Maintains $100 → $120 | Strong Buy | Maintains | $100 → $120 | +6.90% | May 6, 2024 |
Financial Forecast
Revenue This Year
12.68B
from 12.00B
Increased by 5.68%
Revenue Next Year
13.67B
from 12.68B
Increased by 7.82%
EPS This Year
2.98
from -0.64
EPS Next Year
4.37
from 2.98
Increased by 46.70%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.2B | 14.8B | 15.7B | 15.9B | 16.8B |
| Avg | 12.7B | 13.7B | 14.3B | 15.3B | 16.1B |
| Low | 12.2B | 12.9B | 12.8B | 14.8B | 15.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.3% | 16.7% | 14.9% | 11.1% | 9.8% |
| Avg | 5.7% | 7.8% | 4.8% | 6.7% | 5.4% |
| Low | 1.9% | 1.5% | -6.3% | 3.3% | 2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.44 | 5.61 | 6.98 | 7.96 | 8.68 |
| Avg | 2.98 | 4.37 | 5.48 | 7.12 | 7.98 |
| Low | 2.77 | 3.53 | 4.40 | 6.38 | 7.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 88.2% | 59.8% | 45.4% | 22.0% |
| Avg | - | 46.7% | 25.3% | 30.0% | 12.1% |
| Low | - | 18.4% | 0.7% | 16.5% | 3.7% |
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.