Oppenheimer Upgrades Masco (NYSE:MAS) to Outperform

Masco (NYSE:MAS) was upgraded by stock analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a $89.00 target price on the construction company’s stock. Oppenheimer’s target price would indicate a potential upside of 23.46% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Citigroup dropped their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group increased their price objective on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Loop Capital increased their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.96.

Masco Price Performance

MAS stock opened at $72.09 on Friday. Masco has a 1 year low of $63.81 and a 1 year high of $86.70. The firm has a market capitalization of $15.55 billion, a PE ratio of 19.17, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $77.23 and a 200-day simple moving average of $77.26.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. Equities research analysts anticipate that Masco will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Masco

Several hedge funds have recently modified their holdings of MAS. ORG Wealth Partners LLC acquired a new position in Masco during the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth $38,000. Ashton Thomas Securities LLC purchased a new position in Masco in the third quarter valued at $43,000. Venturi Wealth Management LLC raised its stake in Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.