Masco Co. (NYSE:MAS) Receives $86.27 Average Price Target from Analysts

Masco Co. (NYSE:MAS) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $86.04.

A number of equities research analysts have weighed in on the company. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Friday, January 10th. BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Citigroup lowered their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th.

Institutional Investors Weigh In On Masco

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Masco by 16.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 65,598 shares of the construction company’s stock worth $4,760,000 after purchasing an additional 9,287 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Masco by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 108,112 shares of the construction company’s stock valued at $7,846,000 after buying an additional 8,293 shares in the last quarter. Wealthfront Advisers LLC raised its position in Masco by 17.1% during the fourth quarter. Wealthfront Advisers LLC now owns 80,092 shares of the construction company’s stock valued at $5,812,000 after buying an additional 11,696 shares during the period. Independent Advisor Alliance lifted its stake in Masco by 26.9% in the 4th quarter. Independent Advisor Alliance now owns 3,789 shares of the construction company’s stock worth $275,000 after acquiring an additional 804 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in Masco by 3.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 10,123 shares of the construction company’s stock worth $735,000 after acquiring an additional 382 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 0.2 %

Shares of NYSE:MAS opened at $77.27 on Monday. The company has a 50 day moving average of $76.70 and a 200-day moving average of $78.59. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The firm has a market cap of $16.67 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.13 and a beta of 1.25. Masco has a twelve month low of $63.81 and a twelve month high of $86.70.

About Masco

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.