Masco PT Lowered to $21.00 (MAS)
Equities research analysts at JPMorgan Chase & Co. dropped their target price on shares of Masco (NYSE:MAS) from $22.00 to $21.00 in a research note issued to investors on Monday, StockRatingsNetwork reports. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 1.40% from the stock’s previous close.
A number of other analysts have also recently weighed in on MAS. Analysts at Jefferies Group reiterated a “hold” rating on shares of Masco in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $25.00. Separately, 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. Finally, analysts at Citigroup Inc. upgraded shares of Masco from a “neutral” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.07.
Shares of Masco (NYSE:MAS) traded down 0.34% during mid-day trading on Monday, hitting $20.71. 7,422,394 shares of the company’s stock traded hands. Masco has a 52-week low of $18.27 and a 52-week 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.13 earnings per share. Masco’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Masco will post $1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 12th. Shareholders of record on Friday, April 11th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, April 9th.
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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