Masco (NYSE:MAS) Price Target Raised to $79.00 at Oppenheimer

Key Points

• Oppenheimer raised Masco's target price from $73.00 to $79.00, indicating a potential upside of 14.51% from its previous close.
• Masco recently reported $1.30 earnings per share, exceeding estimates and generating $2.05 billion in revenue, although sales were down 1.9% year-over-year.
• A majority of analysts hold hold ratings on Masco, with 12 analysts rating it as 'hold,' five as 'buy,' and one offering a 'strong buy' rating.

Masco (NYSE:MAS - Get Free Report) had its target price upped by equities researchers at Oppenheimer from $73.00 to $79.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Oppenheimer's price objective suggests a potential upside of 14.51% from the company's previous close.

A number of other research analysts also recently commented on the company. Wells Fargo & Company boosted their price target on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, July 22nd. Loop Capital set a $62.00 target price on Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their target price on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada boosted their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $74.03.

Masco Stock Up 1.3%

MAS opened at $68.99 on Monday. Masco has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market capitalization of $14.55 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.52 and a beta of 1.16. The stock has a fifty day moving average of $64.65 and a 200-day moving average of $67.96.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The company's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. On average, equities analysts expect that Masco will post 4.34 EPS for the current year.

Institutional Trading of Masco

Several large investors have recently modified their holdings of MAS. Nuveen LLC bought a new position in shares of Masco in the 1st quarter worth $126,057,000. Wealthquest Corp purchased a new stake in shares of Masco during the 1st quarter valued at $111,722,000. Invesco Ltd. increased its holdings in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. increased its holdings in Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after acquiring an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Masco by 3,597.0% in the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock worth $66,723,000 after acquiring an additional 933,537 shares during the last quarter. Institutional investors and hedge funds 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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