Wells Fargo & Company Cuts Masco (NYSE:MAS) Price Target to $82.00

Masco (NYSE:MAS) had its price objective trimmed by Wells Fargo & Company from $85.00 to $82.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other research firms have also commented on MAS. Evercore ISI increased their target price on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital raised their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.04.

Masco Price Performance

Shares of Masco stock opened at $77.39 on Tuesday. Masco has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a market cap of $16.70 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25. The company’s 50-day moving average price is $76.77 and its two-hundred day moving average price is $78.56.

Institutional Investors Weigh In On Masco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAS. ORG Wealth Partners LLC purchased a new stake in shares of Masco during the fourth quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Masco during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Masco during the 4th quarter valued at about $30,000. Capital Performance Advisors LLP bought a new stake in shares of Masco in the 3rd quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Masco in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.