Masco (NYSE:MAS) Upgraded to Hold at Wall Street Zen

Masco (NYSE:MAS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

A number of other equities analysts have also recently issued reports on MAS. Royal Bank Of Canada lowered their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Evercore ISI reduced their target price 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. Robert W. Baird cut their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.63.

Masco Price Performance

Shares of MAS stock traded up $0.87 on Friday, hitting $63.82. 2,584,221 shares of the company's stock were exchanged, compared to its average volume of 1,839,976. The company has a 50 day moving average of $62.65 and a 200 day moving average of $69.73. The stock has a market cap of $13.46 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.09. Masco has a 12 month low of $56.55 and a 12 month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that Masco will post 4.34 EPS for the current year.

Institutional Trading of Masco

Several hedge funds have recently bought and sold shares of MAS. Global X Japan Co. Ltd. increased its position 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 acquiring an additional 208 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Masco during the 4th quarter worth approximately $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Masco in the first quarter worth approximately $29,000. Costello Asset Management INC purchased a new stake in shares of Masco in the first quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.91% of the company's stock.

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.