Masco Given Average Recommendation of “Buy” by Brokerages (NYSE:MAS)
Masco (NYSE:MAS) has received a consensus recommendation of “Buy” from the eighteen brokerages that are covering the stock, Analyst Ratings Network reports. Nine research analysts have rated the stock with a hold recommendation, seven 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 updated their coverage on the stock in the last year is $23.57.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Masco in a research note on Wednesday. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Masco in a research note on Wednesday. They now have a $23.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Masco from $25.00 to $26.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock.
Masco (NYSE:MAS) opened at 20.80 on Monday. Masco has a 1-year low of $18.27 and a 1-year high of $23.73. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $21.78. The company has a market cap of $7.322 billion and a P/E ratio of 21.68.
Masco (NYSE:MAS) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.04. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the company posted $0.23 earnings per share. Masco’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Masco will post $1.02 earnings per share for the current fiscal year.
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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