Masco (NYSE:MAS) PT Lowered to $54.00

Masco (NYSE:MASGet Rating) had its target price cut by equities researchers at JPMorgan Chase & Co. from $60.00 to $54.00 in a research report issued on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 5.84% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Masco from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, April 12th. KeyCorp lowered their target price on Masco from $79.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, February 9th. UBS Group started coverage on Masco in a research note on Wednesday, January 19th. They issued a “buy” rating and a $86.00 target price for the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. Finally, TheStreet lowered Masco from a “b-” rating to a “c” rating in a research report on Friday, February 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $67.46.

Shares of Masco stock opened at $51.02 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 52.66. The firm has a market capitalization of $12.07 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. The business’s 50-day moving average price is $54.09 and its 200-day moving average price is $61.14. Masco has a 12 month low of $48.78 and a 12 month high of $71.06.

Masco (NYSE:MASGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The construction company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.04). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. Masco had a net margin of 4.90% and a return on equity of 856.22%. Masco’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. As a group, analysts predict that Masco will post 4.17 earnings per share for the current fiscal year.

In related news, CFO John G. Sznewajs sold 12,447 shares of the business’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $60.25, for a total value of $749,931.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Keith J. Allman sold 43,884 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $60.68, for a total value of $2,662,881.12. The disclosure for this sale can be found here. Insiders sold 66,331 shares of company stock worth $3,911,613 over the last 90 days. Company insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MAS. First Trust Advisors LP bought a new stake in Masco during the first quarter worth approximately $1,280,000. Morgan Stanley grew its stake in shares of Masco by 11.9% during the second quarter. Morgan Stanley now owns 936,129 shares of the construction company’s stock valued at $55,148,000 after buying an additional 99,681 shares during the last quarter. M&T Bank Corp grew its stake in shares of Masco by 2.0% during the third quarter. M&T Bank Corp now owns 14,234 shares of the construction company’s stock valued at $791,000 after buying an additional 274 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Masco by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,860 shares of the construction company’s stock worth $2,436,000 after purchasing an additional 578 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Masco by 41.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 54,254 shares of the construction company’s stock worth $3,014,000 after purchasing an additional 16,011 shares during the period. 92.35% of the stock is currently owned by institutional investors.

About Masco (Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.