The Goldman Sachs Group Increases Masco (NYSE:MAS) Price Target to $96.00

Masco (NYSE:MAS) had its price target upped by investment analysts at The Goldman Sachs Group from $85.00 to $96.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 22.41% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. UBS Group reduced their price target on shares of Masco from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Stock Up 1.0 %

Shares of Masco stock opened at $78.42 on Thursday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a market capitalization of $16.92 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. Masco has a 52-week low of $63.81 and a 52-week high of $86.70. The company has a 50-day simple moving average of $76.42 and a two-hundred day simple moving average of $78.70.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, analysts anticipate that Masco will post 4.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Masco

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Masco by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after buying an additional 132 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after buying an additional 133 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock worth $71,000 after buying an additional 133 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in shares of Masco by 1.7% in the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after buying an additional 136 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

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.