Masco (NYSE:MAS) Price Target Lowered to $82.00 at Wells Fargo & Company

Masco (NYSE:MAS) had its target price cut by Wells Fargo & Company from $85.00 to $82.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Other research analysts have also recently issued reports about the company. Citigroup cut their price target on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. BMO Capital Markets upped their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Zelman & Associates raised shares of Masco to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird reduced their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Nine 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.04.

Masco Stock Down 0.5 %

Shares of MAS opened at $77.23 on Tuesday. The company has a market capitalization of $16.66 billion, a P/E ratio of 20.54, a PEG ratio of 2.13 and a beta of 1.25. Masco has a one year low of $63.81 and a one year high of $86.70. The business’s 50 day simple moving average is $76.88 and its 200-day simple moving average is $78.57. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Institutional Investors Weigh In On Masco

Hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Masco in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in shares of Masco in the fourth quarter valued at about $27,000. Kestra Investment Management LLC bought a new stake in shares of Masco in the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of Masco in the third quarter worth $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Masco during the 3rd quarter worth approximately $43,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.