What Can We Expect From Masco (NYSE:MAS) After Goldman’s Latest Coverage?

October 2, 2018 - By Dolores Ford

Masco Corporation (NYSE:MAS) Logo

Investors sentiment decreased to 0.85 in 2018 Q2. Its down 0.04, from 0.89 in 2018Q1. It turned negative, as 60 investors sold Masco Corporation shares while 193 reduced holdings. 63 funds opened positions while 152 raised stakes. 268.45 million shares or 0.32% more from 267.59 million shares in 2018Q1 were reported.

Raymond James Na holds 0.02% or 7,815 shares in its portfolio. Ima Wealth Inc accumulated 0% or 17 shares. Daiwa Sb Invs reported 0.18% in Masco Corporation (NYSE:MAS). Jpmorgan Chase holds 0.07% or 8.47M shares. Acg Wealth stated it has 0.63% of its portfolio in Masco Corporation (NYSE:MAS). Andra Ap invested 0.22% of its portfolio in Masco Corporation (NYSE:MAS). 488,439 were reported by State Board Of Administration Of Florida Retirement Systems. Jefferies Grp Incorporated Ltd has 88,392 shares. Marietta Investment Prtnrs Limited holds 24,840 shares or 0.29% of its portfolio. Kornitzer Cap Mngmt Ks has 0.42% invested in Masco Corporation (NYSE:MAS) for 671,398 shares. The New York-based Engineers Gate Manager L P has invested 0.3% in Masco Corporation (NYSE:MAS). 687,538 are held by Td Asset Mgmt. Palisade Cap Lc Nj stated it has 0.01% in Masco Corporation (NYSE:MAS). Renaissance Inv Group Inc Ltd Liability Company accumulated 155,978 shares. Avalon Advsr Ltd Liability has invested 0.23% of its portfolio in Masco Corporation (NYSE:MAS).

Since August 21, 2018, it had 0 insider purchases, and 1 sale for $3.77 million activity.

Why Has Goldman Given Masco (NYSE:MAS) a $49 Price Target

Goldman issued to investors and clients in a recent note that it initiated coverage on Masco (NYSE:MAS) stock, with Buy rating and a $49 target price.

Masco Corporation (NYSE:MAS) Ratings Coverage

Among 12 analysts covering Masco Corp (NYSE:MAS), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Masco Corp has $5000 highest and $40 lowest target. $45.30’s average target is 23.13% above currents $36.79 stock price. Masco Corp had 16 analyst reports since April 13, 2018 according to SRatingsIntel. The company was maintained on Wednesday, August 1 by Bank of America. Citigroup maintained it with “Buy” rating and $45 target in Monday, July 23 report. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by RBC Capital Markets on Wednesday, April 25. As per Tuesday, April 24, the company rating was maintained by Robert W. Baird. Barclays Capital maintained the shares of MAS in report on Wednesday, April 25 with “Overweight” rating. The stock of Masco Corporation (NYSE:MAS) has “Buy” rating given on Monday, May 14 by Wells Fargo. The stock has “Buy” rating by Robert W. Baird on Monday, June 4. The company was reinitiated on Tuesday, June 19 by Citigroup. Gabelli upgraded Masco Corporation (NYSE:MAS) on Wednesday, April 25 to “Buy” rating. The firm has “Hold” rating by Bank of America given on Monday, May 14.

The stock increased 1.38% or $0.5 during the last trading session, reaching $36.79. About 2.85M shares traded or 4.22% up from the average. Masco Corporation (NYSE:MAS) has risen 1.36% since October 2, 2017 and is uptrending. It has underperformed by 14.26% the S&P500.

Analysts await Masco Corporation (NYSE:MAS) to report earnings on October, 23. They expect $0.71 EPS, up 42.00 % or $0.21 from last year’s $0.5 per share. MAS’s profit will be $218.31M for 12.95 P/E if the $0.71 EPS becomes a reality. After $0.75 actual EPS reported by Masco Corporation for the previous quarter, Wall Street now forecasts -5.33 % negative EPS growth.

Masco Corporation designs, manufactures, markets, and distributes home improvement and building products worldwide. The company has market cap of $11.31 billion. The Company’s Plumbing Products segment provides faucets, showerheads, handheld showers, valves, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools and systems, brass and copper plumbing system components, and other non-decorative plumbing products. It has a 19.62 P/E ratio. The companyÂ’s Decorative Architectural Products segment offers architectural coatings, including paints, primers, specialty paints, stains, and waterproofing products; cabinet, door, window, and hardware products; and functional hardware, wall plates, hook and rail products, and picture hanging accessories, as well as decorative bath hardware, shower accessories, and shower doors.

Masco Corporation (NYSE:MAS) Institutional Positions Chart

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