Masco (NYSE:MAS) Given New $77.00 Price Target at Barclays

Masco (NYSE:MAS) had its price objective lifted by equities research analysts at Barclays from $71.00 to $77.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target suggests a potential upside of 18.53% from the stock’s previous close.

A number of other research firms also recently weighed in on MAS. Robert W. Baird cut their target price on Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Truist Financial reduced their price objective on shares of Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their target price on shares of Masco from $74.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.03.

Masco Stock Up 0.8%

Shares of Masco stock opened at $64.96 on Tuesday. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.19. Masco has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a 50-day simple moving average of $64.23 and a two-hundred day simple moving average of $68.57.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, sell-side analysts anticipate that Masco will post 4.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Masco

Hedge funds have recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco during the first quarter worth about $29,000. Costello Asset Management INC acquired a new position in shares of Masco in the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the 1st quarter valued at approximately $33,000. Finally, Steph & Co. bought a new position in Masco in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds 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.