MLI trades 42.6% below Wall Street's consensus target of $75.50.
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 12.9x. 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 November 8, 2026, Mueller Industries, Inc. (MLI) has a Wall Street consensus price target of $75.50, based on estimates from 6 covering analysts. With the stock currently trading at $52.96, this represents a potential upside of +42.6%. The company has a market capitalization of $11.71B.
Analyst price targets range from a low of $75.00 to a high of $76.00, representing a 1% spread in expectations. The median target of $75.50 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 15.4x and forward P/E of 12.9x. The forward PEG ratio of 0.32 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +4.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $71.60, with bear and bull scenarios of $45.11 and $94.34 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MWAMueller Water Products, Inc. | $3.8B | $24.05 | $26.25 | +9.1% | Buy | 15.4x | 22 |
 IIINInsteel Industries, Inc. | $520M | $26.74 | — | — | Buy | 16.7x | 4 |
 NVTnVent Electric plc | $17.2B | $106.22 | $206.67 | +94.6% | Buy | 19.7x | 21 |
 WCCWESCO International, Inc. | $14.3B | $292.68 | $407.00 | +39.1% | Buy | 16.1x | 33 |
 GFFGriffon Corporation | $4.6B | $101.03 | $122.50 | +21.3% | Buy | 18.7x | 7 |
 ATKRAtkore Inc. | $3.2B | $94.96 | $76.00 | -20.0% | Hold | 16.7x | 11 |
 CMCCommercial Metals Company | $6.9B | $62.28 | $78.86 | +26.6% | Hold | 9.7x | 27 |
 ZEUSOlympic Steel, Inc. | $539M | $47.86 | $41.00 | -14.3% | Buy | 20.7x | 6 |
 RSReliance Steel & Aluminum Co. | $21.3B | $417.00 | $434.00 | +4.1% | Hold | 15.6x | 28 |
 KALUKaiser Aluminum Corporation | $1.7B | $106.84 | $148.00 | +38.5% | Hold | 8.4x | 24 |
Quick answers to the most common questions about buying MLI stock.
The consensus Wall Street price target for MLI is $75.5, representing 42.6% upside from the current price of $52.96. 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 $75.5 implies 42.6% upside from current levels.
With a forward P/E of 12.9013x, MLI trades at a relatively low valuation. The consensus target of $75.5 implies 42.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $76 for MLI, while the most conservative target is $75. The consensus of $75.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $94 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 $75.5, with estimates ranging from $75 (bear case) to $76 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $72, with bear/bull scenarios of $45/$94.
Our quantitative valuation model calculates MLI's fair value at $72 (base case), with a bear case of $45 and bull case of $94. 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 48/100.
MLI trades at a forward P/E ratio of 12.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.4x. 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 $75.5 price target (42.6% 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 $76, a 1% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $75.5 consensus represents the middle ground. Our model's $45-$94 range provides an independent fundamental perspective.
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