Masco (NYSE:MAS) Price Target Cut to $79.00

Masco (NYSE:MAS) had its target price cut by research analysts at Barclays from $87.00 to $79.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 11.69% from the company’s current price.

A number of other research firms have also issued reports on MAS. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Evercore ISI dropped their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Citigroup cut their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday. Loop Capital decreased their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Finally, Royal Bank of Canada upped their price objective on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.46.

Masco Trading Up 2.2 %

NYSE:MAS opened at $70.73 on Friday. The company’s 50 day moving average is $68.35 and its 200-day moving average is $70.79. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.82 and a beta of 1.24.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that Masco will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Masco in the fourth quarter valued at approximately $122,144,000. Manning & Napier Advisors LLC bought a new stake in shares of Masco during the second quarter worth $82,363,000. Confluence Investment Management LLC acquired a new stake in shares of Masco in the first quarter valued at $78,181,000. Vanguard Group Inc. raised its holdings in shares of Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Masco by 55.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company’s stock worth $121,391,000 after buying an additional 551,203 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.