UBS Group Has Lowered Expectations for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target decreased by equities researchers at UBS Group from $94.00 to $91.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s target price would indicate a potential upside of 18.80% from the stock’s previous close.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $74.00 price target on shares of Masco in a report on Wednesday. Jefferies Financial Group lowered 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. Finally, Barclays boosted their price target on Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Masco Trading Down 2.6 %

Shares of NYSE MAS traded down $2.05 during midday trading on Wednesday, hitting $76.60. The stock had a trading volume of 742,542 shares, compared to its average volume of 1,450,187. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The company’s 50-day simple moving average is $76.60 and its 200 day simple moving average is $78.72. The firm has a market cap of $16.53 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 firm earned $0.83 EPS. Research analysts anticipate that Masco will post 4.09 EPS for the current year.

Institutional Trading of Masco

A number of large investors have recently bought and sold shares of MAS. ORG Wealth Partners LLC acquired a new stake in shares of Masco in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Masco in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Masco in the 4th quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco in the 3rd quarter valued at about $38,000. Finally, Lee Danner & Bass Inc. bought a new position in Masco in the 4th quarter valued at about $42,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.