Masco (NYSE:MAS) PT Set at $79.00 by 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) has been given a $79.00 target price by research analysts at Oppenheimer in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has an "outperform" rating on the construction company's stock. Oppenheimer's price objective would suggest a potential upside of 13.98% from the stock's current price.

MAS has been the topic of a number of other reports. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. The Goldman Sachs Group decreased 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. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, UBS Group restated a "buy" rating and set a $80.00 price objective (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Twelve equities 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.13.

Masco Stock Down 0.1%

NYSE:MAS traded down $0.04 during mid-day trading on Monday, hitting $69.31. The stock had a trading volume of 1,435,676 shares, compared to its average volume of 2,159,644. Masco has a twelve month low of $56.55 and a twelve month high of $86.70. The stock has a 50-day simple moving average of $65.19 and a two-hundred day simple moving average of $67.86. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The company has a market capitalization of $14.51 billion, a PE ratio of 18.38, a PEG ratio of 2.53 and a beta of 1.16.

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

Institutional Investors Weigh In On Masco

Institutional investors and hedge funds have recently made changes to their positions in the business. Global X Japan Co. Ltd. grew its holdings in shares of Masco by 120.2% during the first 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 purchased a new stake in Masco during the 1st quarter valued at approximately $29,000. Costello Asset Management INC acquired a new stake in Masco during the 1st quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Masco in the 1st quarter valued at approximately $33,000. Finally, Steph & Co. acquired a new position in shares of Masco in the second quarter valued at approximately $39,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.