Masco Receives Consensus Rating of “Buy” from Brokerages (NYSE:MAS)
Masco (NYSE:MAS) has received a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, Analyst Ratings Network.com reports. Ten investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.10.
MAS has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Masco from a “market perform” rating to a “strong-buy” rating in a research note on Friday, May 2nd. They now have a $23.50 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Masco from a “sell” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $20.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Masco from $22.00 to $21.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock.
In other Masco news, Director Christopher O’herlihy purchased 3,000 shares of Masco stock on the open market in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $20.11 per share, for a total transaction of $60,330.00. Following the transaction, the director now directly owns 10,900 shares in the company, valued at approximately $219,199. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Masco (NYSE:MAS) traded up 2.03% on Thursday, hitting $20.11. 760,105 shares of the company’s stock traded hands. Masco has a one year low of $18.27 and a one year high of $23.73. The stock has a 50-day moving average of $21.6 and a 200-day moving average of $21.87. The company has a market cap of $7.170 billion and a price-to-earnings ratio of 24.27.
Masco (NYSE:MAS) last issued its quarterly 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 $1.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 12th. Investors 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 1.52%. 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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