Barclays Issues Positive Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its target price hoisted by analysts at Barclays from $84.00 to $87.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential upside of 10.46% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird reduced their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. UBS Group raised their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup reduced their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, Zelman & Associates raised shares of Masco to a “strong-buy” rating in a report on Friday, January 17th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.27.

Masco Price Performance

Shares of MAS opened at $78.76 on Wednesday. The business’s fifty day moving average is $76.60 and its 200 day moving average is $78.72. Masco has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a market cap of $16.99 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.09 and a beta of 1.25.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a return on equity of 615.54% and a net margin of 10.54%. During the same quarter last year, the company posted $0.83 earnings per share. Sell-side analysts anticipate that Masco will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of Masco in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new stake in Masco in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in Masco in the 4th quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in Masco in the 3rd quarter valued at $38,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Masco during the 3rd quarter valued at $43,000. Hedge funds and other 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.