Bull’s Eye Report: MasTec (MTZ)

MTZ a strong bet for a short-term hold

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
MasTec
MTZ Construction & Engineering 9.9 +21.19% $29.05

Why We Like The Stock:

MasTec (MTZ) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) in our top-rated sub-industry, construction and engineering. While MTZ looks a lot like its peers URS Corp. (URS), Aecom Technology Corp. (ACM), and EMCOR Group (EME), this is not necessarily a bad thing. MTZ doesn’t move with the major indices, and despite having an extremely hot start in 2013, the trend in the short- and intermediate-term is modest, which makes for a nice entry point. We like MTZ above the 50-day moving average, and would look for a run back to its mid-May highs near $34 should the stock hold $29.

We Would Be Buyers:

At the current price (~$30.57).

Company Profile:

MasTec, Inc., is an infrastructure construction company operating mainly throughout North America across a range of industries. The company’s activities include, but are not limited to, the engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure, including electrical utility transmission and distribution, power generation, natural gas and petroleum pipeline infrastructure, wireless, wireline and satellite communications, wind farms, solar farms and other renewable energy, industrial infrastructure and water and sewer systems. Its customers are primarily in the utility, communications and government industries. In May 2013, MasTec Inc acquired the entire share capital of Big Country Energy Services LP.

Stock Rating: 9.9

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

MasTec – Last Three Months

mtz 1 Bull's Eye Report: MasTec (MTZ)

MasTec – Last 12 Months

mtz 2 Bull's Eye Report: MasTec (MTZ)

MasTec – Last Five Years

mtz 3 Bull's Eye Report: MasTec (MTZ)

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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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