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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is MasTec (MTZ - Free Report) . MTZ is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 12.06, which compares to its industry's average of 12.29. Over the last 12 months, MTZ's Forward P/E has been as high as 12.57 and as low as 8.81, with a median of 10.55.
MTZ is also sporting a PEG ratio of 1.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. MTZ's PEG compares to its industry's average PEG of 1.71. Within the past year, MTZ's PEG has been as high as 1.53 and as low as 1.10, with a median of 1.30.
These figures are just a handful of the metrics value investors tend to look at, but they help show that MasTec is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MTZ feels like a great value stock at the moment.
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Is MasTec (MTZ) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is MasTec (MTZ - Free Report) . MTZ is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 12.06, which compares to its industry's average of 12.29. Over the last 12 months, MTZ's Forward P/E has been as high as 12.57 and as low as 8.81, with a median of 10.55.
MTZ is also sporting a PEG ratio of 1.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. MTZ's PEG compares to its industry's average PEG of 1.71. Within the past year, MTZ's PEG has been as high as 1.53 and as low as 1.10, with a median of 1.30.
These figures are just a handful of the metrics value investors tend to look at, but they help show that MasTec is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MTZ feels like a great value stock at the moment.