Masco Corp. Given “Outperform” Rating at RBC Capital (MAS)
Masco Corp. (NYSE:MAS)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a $26.00 target price on the stock. RBC Capital’s target price points to a potential upside of 12.90% from the company’s current price.
Masco Corp. (NYSE:MAS) traded up 0.63% on Thursday, hitting $23.175. The stock had a trading volume of 1,903,824 shares. Masco Corp. has a 52 week low of $17.20 and a 52 week high of $23.36. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $20.74. The company has a market cap of $8.273 billion and a P/E ratio of 59.97.
Masco Corp. (NYSE:MAS) last announced its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $0.13 earnings per share. Masco Corp.’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that Masco Corp. will post $0.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Friday, January 10th will be given a dividend of 0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, January 8th.
A number of other firms have also recently commented on MAS. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Masco Corp. in a research note to investors on Monday, December 9th. They set a “sell” rating and a $20.50 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Masco Corp. in a research note to investors on Monday, December 9th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, analysts at MKM Partners initiated coverage on shares of Masco Corp. in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.17.
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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