KeyCorp Upgrades Masco to “Hold” (MAS)
Masco (NYSE:MAS) was upgraded by equities research analysts at KeyCorp from an “underweight” rating to a “hold” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Masco (NYSE:MAS) opened at 22.70 on Wednesday. Masco has a one year low of $18.27 and a one year high of $23.60. The stock’s 50-day moving average is $22.15 and its 200-day moving average is $21.18. The company has a market cap of $8.090 billion and a price-to-earnings ratio of 29.61.
Masco (NYSE:MAS) last announced its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.06. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $0.04 earnings per share. Masco’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Masco will post $1.11 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Masco from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Masco from $19.00 to $22.00 in a research note on Monday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Masco in a research note on Wednesday, February 12th. They now have a $27.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.93.
In other Masco news, Director Richard A. Manoogian unloaded 500,000 shares of Masco stock on the open market in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $22.45, for a total transaction of $11,225,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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