Masco (MAS) Now Covered by Royal Bank of Canada

Equities researchers at Royal Bank of Canada started coverage on shares of Masco (NYSE:MAS) in a research note issued to investors on Wednesday. The brokerage set a “sector perform” rating on the construction company’s stock.

A number of other research firms have also issued reports on MAS. Deutsche Bank boosted their target price on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Zacks Investment Research lowered Masco from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Argus set a $50.00 target price on Masco and gave the company a “buy” rating in a report on Friday, April 13th. They noted that the move was a valuation call. Wells Fargo & Co raised Masco from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, May 14th. Finally, Bank of America lowered Masco from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.45 to $35.79 in a report on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Masco has a consensus rating of “Buy” and an average target price of $44.75.

Masco opened at $37.14 on Wednesday, Marketbeat reports. The company has a market capitalization of $11.82 billion, a PE ratio of 19.14, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 16.23. Masco has a 12-month low of $35.79 and a 12-month high of $46.44.

Masco (NYSE:MAS) last released its earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. equities analysts predict that Masco will post 2.52 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. boosted its position in Masco by 12.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 9,274,700 shares of the construction company’s stock worth $407,529,000 after purchasing an additional 1,056,570 shares in the last quarter. Boston Partners boosted its position in Masco by 0.5% during the first quarter. Boston Partners now owns 9,255,024 shares of the construction company’s stock worth $374,273,000 after purchasing an additional 46,458 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Masco by 2.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 3,978,024 shares of the construction company’s stock worth $174,794,000 after purchasing an additional 105,645 shares in the last quarter. Geode Capital Management LLC boosted its position in Masco by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 3,287,133 shares of the construction company’s stock worth $144,121,000 after purchasing an additional 114,239 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Masco by 7.6% during the fourth quarter. Two Sigma Advisers LP now owns 3,096,687 shares of the construction company’s stock worth $136,068,000 after purchasing an additional 218,282 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

Analyst Recommendations for Masco (NYSE:MAS)

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