Barclays Boosts Masco (NYSE:MAS) Price Target to $78.00

Key Points

• Barclays has increased its price target for Masco (NYSE: MAS) from $77.00 to $78.00, indicating a potential upside of 14.82% from the current price.
• Masco recently reported $1.30 earnings per share for the last quarter, beating consensus estimates of $1.08, although revenue decreased by 1.9% year-over-year.
• Masco's stock has been rated by various analysts with a consensus rating of "Hold" and an average target price of $74.10.

Masco (NYSE:MAS - Get Free Report) had its target price hoisted by analysts at Barclays from $77.00 to $78.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. Barclays's price target points to a potential upside of 14.82% from the company's current price.

MAS has been the topic of several other reports. Truist Financial cut their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. UBS Group restated a "buy" rating and set a $80.00 price target (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Twelve research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $74.10.

Masco Price Performance

Shares of NYSE MAS opened at $67.93 on Friday. The stock has a market capitalization of $14.33 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.68 and a beta of 1.19. The company has a 50-day moving average price of $64.50 and a 200-day moving average price of $68.14. Masco has a 1 year low of $56.55 and a 1 year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the company earned $1.20 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Masco will post 4.34 earnings per share for the current fiscal year.

Institutional Trading of Masco

Several hedge funds and other institutional investors have recently modified their holdings of MAS. Global X Japan Co. Ltd. raised its position in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in Masco during the 1st quarter worth approximately $29,000. Costello Asset Management INC purchased a new stake in Masco in the 1st quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the 1st quarter valued at $33,000. Finally, Steph & Co. bought a new position in Masco in the 2nd quarter valued at $39,000. Institutional investors own 93.91% of the company's stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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