UBS Group Lowers Masco (NYSE:MAS) Price Target to $91.00

Masco (NYSE:MAS) had its price target lowered by UBS Group from $94.00 to $91.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 17.15% from the company’s previous close.

MAS has been the subject of a number of other research reports. Wells Fargo & Company dropped their price target on Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $74.00 price target on shares of Masco in a research note on Wednesday. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $96.00 to $89.00 in a report on Monday, December 16th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Stock Up 1.2 %

Shares of MAS opened at $77.68 on Wednesday. The firm has a market cap of $16.76 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.09 and a beta of 1.25. The stock has a 50 day simple moving average of $76.47 and a two-hundred day simple moving average of $78.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco has a 1 year low of $63.81 and a 1 year high of $86.70.

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 return on equity of 615.54% and a net margin of 10.54%. During the same period last year, the company earned $0.83 earnings per share. On average, analysts forecast that Masco will post 4.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Masco

Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Masco during the third quarter valued at $253,000. Exchange Traded Concepts LLC purchased a new stake in shares of Masco during the third quarter valued at $254,000. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Masco during the third quarter valued at $202,000. nVerses Capital LLC boosted its position in shares of Masco by 8.1% during the third quarter. nVerses Capital LLC now owns 13,400 shares of the construction company’s stock valued at $1,125,000 after buying an additional 1,000 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Masco by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,559 shares of the construction company’s stock valued at $1,978,000 after buying an additional 501 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Company Profile

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.