Masco (NYSE:MAS) Price Target Cut to $82.00 by Analysts at Wells Fargo & Company

Masco (NYSE:MAS) had its target price lowered by investment analysts at Wells Fargo & Company from $85.00 to $82.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.57% from the company’s previous close.

Several other analysts also recently issued reports on the company. Truist Financial boosted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and cut their price target for the company from $96.00 to $89.00 in a report on Monday, December 16th. BMO Capital Markets lifted their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird dropped their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.04.

Masco Stock Performance

MAS opened at $77.67 on Tuesday. The business has a fifty day simple moving average of $76.83 and a 200-day simple moving average of $78.57. The firm has a market cap of $16.76 billion, a PE ratio of 20.66, a P/E/G ratio of 2.13 and a beta of 1.25. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70.

Hedge Funds Weigh In On Masco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of Masco during the 4th quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in Masco during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new position in Masco during the fourth quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco in the third quarter worth about $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Masco during the 3rd quarter worth about $43,000. Institutional investors own 93.91% of the company’s stock.

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.