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

Masco (NYSE:MAS) had its price objective reduced by equities researchers at Citigroup from $82.00 to $77.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective would indicate a potential upside of 5.32% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. Barclays lifted their target price on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. UBS Group raised their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.79.

Masco Price Performance

Masco stock traded up $0.91 during mid-day trading on Monday, reaching $73.11. 755,752 shares of the company were exchanged, compared to its average volume of 807,562. The company has a fifty day simple moving average of $78.06 and a 200-day simple moving average of $77.16. The firm has a market cap of $15.77 billion, a PE ratio of 19.44, a PEG ratio of 2.55 and a beta of 1.25. 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 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. As a group, equities research analysts expect that Masco will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the third quarter worth $38,000. Ashton Thomas Securities LLC acquired a new stake in Masco during the 3rd quarter worth about $43,000. Venturi Wealth Management LLC raised its position in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. Covestor Ltd lifted its stake in shares of Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after purchasing an additional 312 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in Masco during the third quarter worth approximately $77,000. 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.