Masco (NYSE:MAS) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Masco (NYSE:MAS) had its target price increased by equities researchers at The Goldman Sachs Group from $85.00 to $96.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 24.70% from the company’s current price.

MAS has been the topic of a number of other research reports. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and decreased their target price for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Barclays lifted their price target on Masco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. UBS Group lowered their price target on shares of Masco from $94.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.32.

Masco Price Performance

MAS stock traded up $0.27 during mid-day trading on Thursday, hitting $76.99. 415,051 shares of the stock were exchanged, compared to its average volume of 1,458,109. The business has a fifty day moving average price of $76.53 and a 200 day moving average price of $78.70. Masco has a 12 month low of $63.81 and a 12 month high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.09 and a beta of 1.25.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.83 earnings per share. On average, sell-side analysts anticipate that Masco will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Masco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAS. Golden State Wealth Management LLC bought a new stake in shares of Masco during the 4th quarter valued at $27,000. ORG Wealth Partners LLC purchased a new position in Masco during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new stake in Masco during the fourth quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in Masco in the third quarter worth about $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Masco during the third quarter valued at approximately $43,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.