Royal Bank Of Canada Cuts Masco (NYSE:MAS) Price Target to $69.00

Key Points

• Royal Bank of Canada lowered Masco’s price target to $69 from $72 while maintaining a “sector perform” rating, implying approximately 1.36% upside from the prior close.
• Analyst sentiment is broadly neutral: Masco has a consensus “Hold” rating from 20 analysts and an average price target of $79.12, despite several firms recently reducing their targets.
• Masco shares fell to $68.08 in Wednesday trading. The company’s latest quarterly EPS of $1.64 exceeded estimates, but revenue declined 2.9% year over year to $1.99 billion; institutional investors own 93.91% of the stock.

Masco (NYSE:MAS - Get Free Report) had its target price lowered by stock analysts at Royal Bank Of Canada from $72.00 to $69.00 in a report released on Wednesday, Benzinga reports. The firm currently has a "sector perform" rating on the construction company's stock. Royal Bank Of Canada's price target indicates a potential upside of 1.36% from the company's previous close.

A number of other research analysts have also issued reports on the company. DA Davidson began coverage on Masco in a research report on Monday, August 24th. They set a "neutral" rating and a $80.00 price objective for the company. Truist Financial dropped their target price on Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company cut their target price on Masco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Weiss Ratings downgraded shares of Masco from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday. Finally, Barclays lowered their price target on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $79.12.

Masco Stock Performance

Shares of NYSE:MAS traded down $1.85 during trading on Wednesday, reaching $68.08. 273,500 shares of the company's stock traded hands, compared to its average volume of 2,592,863. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. Masco has a 12 month low of $58.16 and a 12 month high of $83.64. The company has a 50 day moving average of $71.59 and a 200-day moving average of $71.03. The stock has a market capitalization of $13.42 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.32. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. Masco's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts expect that Masco will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Masco in the second quarter worth about $1,278,943,000. JPMorgan Chase & Co. lifted its stake in shares of Masco by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company's stock worth $384,776,000 after acquiring an additional 977,684 shares during the period. Van ECK Associates Corp lifted its stake in shares of Masco by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 3,375,286 shares of the construction company's stock worth $214,195,000 after acquiring an additional 213,676 shares during the period. Bank of America Corp DE bought a new position in shares of Masco in the second quarter valued at approximately $178,424,000. Finally, Amundi increased its stake in shares of Masco by 17.5% during the first quarter. Amundi now owns 2,152,818 shares of the construction company's stock valued at $129,977,000 after acquiring an additional 320,230 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco's plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.

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