Masco (NYSE:MAS) Given New $96.00 Price Target at The Goldman Sachs Group

Masco (NYSE:MAS) had its target price hoisted by analysts at The Goldman Sachs Group from $85.00 to $96.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 24.70% from the stock’s previous close.

A number of other research firms have also weighed in on MAS. Barclays raised their price target on shares of Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $74.00 price target on shares of Masco in a report on Wednesday. Robert W. Baird reduced their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and reduced their price target for the company from $96.00 to $89.00 in a research report on Monday, December 16th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Stock Up 0.3 %

NYSE:MAS traded up $0.27 during trading hours on Thursday, reaching $76.99. The company had a trading volume of 415,051 shares, compared to its average volume of 1,458,109. Masco has a twelve month low of $63.81 and a twelve month high of $86.70. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.09 and a beta of 1.25. The business’s 50-day simple moving average is $76.53 and its two-hundred day simple moving average is $78.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.83 earnings per share. On average, equities analysts expect that Masco will post 4.09 earnings per share for the current year.

Institutional Trading of Masco

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Golden State Wealth Management LLC purchased a new position in shares of Masco during the 4th quarter valued at $27,000. ORG Wealth Partners LLC purchased a new position in Masco during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in Masco in the 4th quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco in the 3rd quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Masco during the third quarter worth about $43,000. 93.91% of the stock is currently 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.