Royal Bank of Canada Reiterates “Sector Perform” Rating for Masco (NYSE:MAS)

Masco (NYSE:MAS)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $74.00 price target on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential downside of 4.73% from the company’s previous close.

MAS has been the subject of a number of other research reports. UBS Group boosted their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Friday, January 10th. Barclays boosted their price objective on shares of Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company cut their price objective on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI boosted their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and an average price target of $86.32.

Masco Stock Performance

Shares of MAS stock opened at $77.68 on Wednesday. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a 50-day simple moving average of $76.47 and a 200 day simple moving average of $78.70. Masco has a 52 week low of $63.81 and a 52 week high of $86.70.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, sell-side analysts predict that Masco will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Masco

Institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in Masco during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in Masco during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in Masco during the 4th quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new position in Masco during the 3rd quarter worth approximately $38,000. Finally, Lee Danner & Bass Inc. acquired a new position in Masco during the 4th quarter worth approximately $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.