Stock Traders Buy Large Volume of Call Options on Masco Corp. (MAS)
Shares of Masco Corp. (NYSE:MAS) was the target of some unusual options trading activity on Thursday. Stock traders acquired 11,845 call options on the company, Analyst Ratings Network.com reports. This represents an increase of 258% compared to the average volume of 3,308 call options.
MAS has been the subject of a number of recent research reports. Analysts at Oppenheimer upgraded shares of Masco Corp. (NYSE:MAS) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $25.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Monday. They now have a $19.00 price target on the stock, up previously from $18.00. Finally, analysts at Argus reiterated a “focus list” rating on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Wednesday, August 28th. They now have a $25.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Masco Corp. currently has a consensus rating of “Hold” and an average target price of $22.63.
Shares of Masco Corp. (NYSE:MAS) traded down 1.57% during mid-day trading on Thursday, hitting $20.66. 4,718,431 shares of the company’s stock traded hands. Masco Corp. has a 1-year low of $14.06 and a 1-year high of $22.83. The stock has a 50-day moving average of $19.77 and a 200-day moving average of $20.18. The company has a market cap of $7.374 billion and a price-to-earnings ratio of 152.10.
Masco Corp. (NYSE:MAS) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $0.10 earnings per share. Masco Corp.’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Masco Corp. will post $0.76 earnings per share for the current fiscal year.
Masco Corporation manufactures, distributes and installs home improvement and building products. The Company is a manufacturer of a number of home improvements and building products, including faucets, cabinets, architectural coatings and windows, and the installer of insulation for the new home construction market.
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