Masco Reaches New 12-Month High at $23.99 (MAS)
Masco (NYSE:MAS)’s share price reached a new 52-week high on Thursday , Stock Ratings News reports. The stock traded as high as $23.99 and last traded at $23.86, with a volume of 1,548,761 shares changing hands. The stock had previously closed at $23.49.
A number of research firms have recently commented on MAS. Analysts at Barclays reiterated an “overweight” rating on shares of Masco in a research note on Wednesday, July 30th. 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, July 30th. 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. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.46.
The stock’s 50-day moving average is $22.01 and its 200-day moving average is $21.8. The company has a market cap of $8.491 billion and a P/E ratio of 23.90.
Masco (NYSE:MAS) last announced its earnings results on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. 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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