Royal Bank of Canada Analysts Give Masco (MAS) a $46.00 Price Target

Masco (NYSE:MAS) received a $46.00 price objective from equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the construction company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 9.19% from the stock’s current price.

A number of other research analysts also recently weighed in on MAS. Wells Fargo & Co downgraded shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price target on the stock. in a report on Wednesday, October 25th. Raymond James Financial reiterated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. Robert W. Baird lifted their target price on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Nomura set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, FBR & Co reiterated a “buy” rating and issued a $46.00 target price (up previously from $43.00) on shares of Masco in a report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Masco presently has an average rating of “Buy” and a consensus target price of $44.07.

Masco (NYSE MAS) traded up $1.43 during trading on Friday, hitting $42.13. 5,990,423 shares of the stock were exchanged, compared to its average volume of 3,170,270. The company has a market cap of $12,755.03, a P/E ratio of 25.53, a P/E/G ratio of 1.01 and a beta of 1.49. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. Masco has a fifty-two week low of $31.29 and a fifty-two week high of $46.44.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. Masco’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. equities research analysts anticipate that Masco will post 2.43 EPS for the current year.

In other Masco news, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $42.55, for a total value of $109,523.70. Following the sale, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.85, for a total transaction of $654,622.50. Following the completion of the sale, the director now owns 47,909 shares in the company, valued at $1,861,264.65. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MAS. Dimensional Fund Advisors LP grew its position in Masco by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,358 shares of the construction company’s stock worth $34,975,000 after purchasing an additional 4,832 shares during the last quarter. Janus Henderson Group PLC grew its position in Masco by 682.9% in the 2nd quarter. Janus Henderson Group PLC now owns 378,659 shares of the construction company’s stock worth $14,469,000 after purchasing an additional 330,291 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Masco in the 2nd quarter worth $4,153,000. The Manufacturers Life Insurance Company grew its position in Masco by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 378,220 shares of the construction company’s stock worth $14,453,000 after purchasing an additional 13,399 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Masco by 185.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 67,471 shares of the construction company’s stock worth $2,578,000 after purchasing an additional 43,839 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

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Masco Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Analyst Recommendations for Masco (NYSE:MAS)

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