Is MasTec Stock a Strong Buy Despite Its Premium P/E Valuation?
Key Takeaways MasTec trades at a premium P/E versus peers, yet its shares have surged 72% in a year.Backlog hit 13.9-$14B, with EPS seen up 60% from the prior year's actual.MasTec, Inc. (MTZ) is trading at a higher valuation compared with its peers. The company’s forward 12-month price-to-earnings (P/E) ratio is 24.62X, above the Zacks Building Products – Heavy Construction industry’s 21.25 ...