Wells Fargo & Company Reiterates “Equal Weight” Rating for Masco (NYSE:MAS)

Masco (NYSE:MAS)‘s stock had its “equal weight” rating reissued by investment analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a $85.00 price objective on the construction company’s stock, down from their prior price objective of $92.00. Wells Fargo & Company‘s price objective suggests a potential upside of 14.93% from the company’s previous close.

Several other equities analysts have also recently issued reports on MAS. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and dropped their price target for the stock from $96.00 to $89.00 in a research report on Monday. UBS Group raised their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus price target of $85.88.

Masco Stock Performance

Shares of NYSE MAS opened at $73.96 on Tuesday. Masco has a 12-month low of $63.60 and a 12-month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market cap of $15.96 billion, a PE ratio of 19.67, a P/E/G ratio of 2.57 and a beta of 1.23. The stock has a 50 day simple moving average of $80.62 and a 200-day simple moving average of $76.69.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Masco will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Masco

A number of institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in shares of Masco during the second quarter worth $25,000. Family Firm Inc. acquired a new position in Masco in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco during the 3rd quarter worth about $38,000. LRI Investments LLC lifted its holdings in shares of Masco by 850.8% during the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after buying an additional 536 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Masco in the 3rd quarter valued at approximately $43,000. 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.