Jefferies Thinks Masco Corp’s Stock is Going to Recover

By Austin Angelo

Jefferies analyst Philip Ng reiterated a Buy rating on Masco Corp (NYSE: MAS) today and set a price target of $48. The company’s shares closed yesterday at $29.50, close to its 52-week low of $27.15.

Ng has an average return of 8.2% when recommending Masco Corp.

According to TipRanks.com, Ng is ranked #423 out of 4887 analysts.

Masco Corp has an analyst consensus of Strong Buy, with a price target consensus of $45, implying a 52.5% upside from current levels. In a report issued on October 16, Robert W. Baird also maintained a Buy rating on the stock with a $42 price target.

.

See today’s analyst top recommended stocks >>

Based on Masco Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.1 billion and net profit of $180 million. In comparison, last year the company earned revenue of $1.94 billion and had a net profit of $147 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, John Sznewajs, the VP & CFO of MAS sold 96,869 shares for a total of $3,772,487.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products.