Royal Bank Of Canada Issues Pessimistic Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target dropped by analysts at Royal Bank Of Canada from $72.00 to $69.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the construction company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.36% from the company’s current price.

MAS has been the topic of several other research reports. Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a research note on Thursday, July 30th. Citigroup reduced their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Barclays decreased their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company cut their price objective on Masco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Finally, Truist Financial cut their price objective on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.12.

Masco Price Performance

Shares of Masco stock traded down $1.85 during trading on Wednesday, hitting $68.08. The stock had a trading volume of 273,500 shares, compared to its average volume of 2,592,863. The business has a fifty day moving average of $71.59 and a two-hundred day moving average of $71.03. Masco has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The firm has a market cap of $13.42 billion, a P/E ratio of 15.67, a PEG ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22.

Masco (NYSE:MAS) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Masco’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts expect that Masco will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Masco

A number of large investors have recently made changes to their positions in the company. Bard Associates Inc. purchased a new stake in shares of Masco in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new position in Masco during the 2nd quarter worth approximately $32,000. Johnson Financial Group Inc. acquired a new stake in Masco during the 2nd quarter valued at $49,000. Trust Co. of Vermont purchased a new stake in shares of Masco in the second quarter valued at $53,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Masco in the second quarter valued at $55,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.