Masco (NYSE:MAS) Price Target Raised to $71.00

Key Points

• Analysts at Royal Bank of Canada raised Masco's target price from $62.00 to $71.00, indicating a potential upside of 4.75% from the stock's previous close.
• The stock is currently rated as Hold by a consensus of twelve analysts, with a price target average of $74.70.
• Masco reported earnings of $1.30 per share for the last quarter, exceeding estimates, although its revenue decreased by 1.9% year-over-year.

Masco (NYSE:MAS - Get Free Report) had its target price lifted by analysts at Royal Bank Of Canada from $62.00 to $71.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sector perform" rating on the construction company's stock. Royal Bank Of Canada's target price suggests a potential upside of 4.75% from the stock's previous close.

MAS has been the topic of a number of other reports. The Goldman Sachs Group dropped their target price on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Barclays upped their price target on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday. Finally, Evercore ISI reduced their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Twelve research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.70.

Masco Stock Performance

Masco stock traded down $0.35 during trading on Friday, reaching $67.78. The company had a trading volume of 1,221,872 shares, compared to its average volume of 2,130,385. Masco has a 12-month low of $56.55 and a 12-month high of $86.70. The stock's 50 day moving average price is $64.50 and its two-hundred day moving average price is $68.14. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.68 and a beta of 1.19.

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

Institutional Trading of Masco

Several large investors have recently modified their holdings of the stock. Global X Japan Co. Ltd. lifted its position in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Masco during the first quarter worth about $29,000. Costello Asset Management INC bought a new position in shares of Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco in the first quarter worth approximately $33,000. Finally, Steph & Co. bought a new stake in Masco in the second quarter worth approximately $39,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

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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