MLI trades 24.3% below Wall Street's consensus target of $75.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MLI achieves its forward estimates and maintains a stable P/E multiple of 14.5x. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Mueller Industries, Inc. (MLI) has a Wall Street consensus price target of $75.00, based on estimates from 6 covering analysts. With the stock currently trading at $60.33, this represents a potential upside of +24.3%. The company has a market capitalization of $13.34B.
Analyst price targets range from a low of $75.00 to a high of $75.00, representing a 0% spread in expectations. The median target of $75.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, MLI trades at a trailing P/E of 17.6x and forward P/E of 14.5x. The forward PEG ratio of 0.36 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +8.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $168.48, with bear and bull scenarios of $106.14 and $221.99 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MWAMueller Water Products, Inc. | $3.4B | $21.72 | $27.50 | +26.6% | Buy | 13.8x | 21 |
 IIINInsteel Industries, Inc. | $574M | $29.53 | — | — | Buy | 18.4x | 4 |
 NVTnVent Electric plc | $26.3B | $162.85 | $204.17 | +25.4% | Buy | 31.7x | 20 |
 WCCWESCO International, Inc. | $17.8B | $365.85 | $402.22 | +9.9% | Buy | 21.7x | 33 |
 GFFGriffon Corporation | $4.4B | $96.59 | $122.50 | +26.8% | Buy | 17.9x | 7 |
 ATKRAtkore Inc. | $3.2B | $94.51 | $76.00 | -19.6% | Hold | 16.6x | 11 |
 CMCCommercial Metals Company | $7.2B | $64.66 | $82.00 | +26.8% | Hold | 10.1x | 27 |
 ZEUSOlympic Steel, Inc. | $533M | $47.86 | $41.00 | -14.3% | Buy | 20.7x | 6 |
 RSReliance Steel & Aluminum Co. | $19.6B | $384.63 | $382.50 | -0.6% | Hold | 16.4x | 27 |
 KALUKaiser Aluminum Corporation | $2.6B | $156.26 | $175.67 | +12.4% | Hold | 11.2x | 23 |
Quick answers to the most common questions about buying MLI stock.
The consensus Wall Street price target for MLI is $75, representing 24.3% upside from the current price of $60.33. With 6 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MLI has a consensus rating of "Hold" based on 6 Wall Street analysts. The rating breakdown is mixed, with 5 Hold ratings making up the largest segment. The consensus 12-month price target of $75 implies 24.3% upside from current levels.
With a forward P/E of 14.485x, MLI trades at a relatively low valuation. The consensus target of $75 implies 24.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $75 for MLI, while the most conservative target is $75. The consensus of $75 represents the median expectation. Our quantitative valuation model projects a bull case target of $222 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MLI is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 5 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MLI stock forecast based on 6 Wall Street analysts shows a consensus price target of $75, with estimates ranging from $75 (bear case) to $75 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $168, with bear/bull scenarios of $106/$222.
Our quantitative valuation model calculates MLI's fair value at $168 (base case), with a bear case of $106 and bull case of $222. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
MLI trades at a forward P/E ratio of 14.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on MLI, with a "Hold" consensus rating and $75 price target (24.3% upside). 1 of 6 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MLI analyst price targets range from $75 to $75, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $75 consensus represents the middle ground. Our model's $106-$222 range provides an independent fundamental perspective.
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