Citigroup Has Lowered Expectations for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its target price reduced by investment analysts at Citigroup from $82.00 to $77.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s target price would indicate a potential upside of 7.45% from the stock’s previous close.

A number of other research firms have also recently weighed in on MAS. Loop Capital lifted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their price target on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.79.

Masco Stock Performance

NYSE MAS opened at $71.66 on Monday. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. 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 firm has a market capitalization of $15.46 billion, a P/E ratio of 19.06, a PEG ratio of 2.55 and a beta of 1.25. The stock has a 50-day simple moving average of $77.70 and a two-hundred day simple moving average of $77.22.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. On average, equities analysts forecast that Masco will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Masco

Several hedge funds and other institutional investors have recently modified their holdings of MAS. Capital Performance Advisors LLP purchased a new position in Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco in the third quarter valued at approximately $43,000. Venturi Wealth Management LLC lifted its position in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after buying an additional 222 shares in the last quarter. Covestor Ltd boosted its stake in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Masco in the 3rd quarter valued at $77,000. 93.91% of the stock is owned by hedge funds and other 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.