Masco (NYSE:MAS) Price Target Raised to $87.00

Masco (NYSE:MAS) had its price objective lifted by equities research analysts at Barclays from $84.00 to $87.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective would suggest a potential upside of 10.46% from the company’s current price.

MAS has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research report on Friday, January 10th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Wells Fargo & Company cut their target price on Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird decreased their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.27.

Masco Stock Performance

Shares of NYSE MAS opened at $78.76 on Wednesday. Masco has a one year low of $63.81 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.09 and a beta of 1.25. The stock’s fifty day moving average price is $76.60 and its two-hundred day moving average price is $78.72.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter last year, the firm posted $0.83 EPS. On average, equities analysts forecast that Masco will post 4.09 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 stock. Farther Finance Advisors LLC lifted its stake in shares of Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after purchasing an additional 128 shares during the period. WCM Investment Management LLC lifted its stake in Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after buying an additional 132 shares during the period. Metis Global Partners LLC grew its position in shares of Masco by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after buying an additional 133 shares during the period. Allworth Financial LP increased its stake in shares of Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after acquiring an additional 133 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in Masco by 1.7% during the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after acquiring an additional 136 shares in 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.