Jefferies Group Reiterates Hold Rating for Masco (MAS)
Masco (NYSE:MAS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a $23.00 price target on the stock, down from their previous price target of $25.00. Jefferies Group’s price objective would suggest a potential upside of 11.06% from the stock’s previous close.
Shares of Masco (NYSE:MAS) traded down 0.34% on Monday, hitting $20.71. 7,422,394 shares of the company’s stock traded hands. Masco has a 1-year low of $18.27 and a 1-year high of $23.73. The stock’s 50-day moving average is $22.19 and its 200-day moving average is $21.88. The company has a market cap of $7.381 billion and a P/E ratio of 27.63.
Masco (NYSE:MAS) last released its earnings data on Thursday, April 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Masco will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 12th. Investors of record on Friday, April 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, April 9th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Masco in a research note on Monday. They now have a $22.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Masco from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, analysts at RBC Capital cut their price target on shares of Masco from $27.00 to $24.00 in a research note on Monday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.07.
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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