Masco Corp Gets a Hold Rating from Credit Suisse

By Carrie Williams

In a report released yesterday, Susan Maklari from Credit Suisse maintained a Hold rating on Masco Corp (NYSE: MAS), with a price target of $36. The company’s shares closed yesterday at $38.29, close to its 52-week high of $39.37.

According to TipRanks.com, Maklari is a 3-star analyst with an average return of 9.8% and a 78.6% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Leggett & Platt Inc, Mohawk Industries, and Calatlantic Group.

Masco Corp has an analyst consensus of Strong Buy, with a price target consensus of $41.14.

Based on Masco Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.06 billion and quarterly net profit of $158 million. In comparison, last year the company earned revenue of $2 billion and had a net profit of $148 million.

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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 and Other Specialty Products.