Masco Corp Received its Third Buy in a Row

By Ryan Adsit

After Citigroup and Wells Fargo gave Masco Corp (NYSE: MAS) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Alex Rygiel maintained a Buy rating on Masco Corp today and set a price target of $47. The company’s shares closed yesterday at $40.33.

According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.8% and a 64.4% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Tutor Perini Corp, Quanta Services, and MYR Group.

Currently, the analyst consensus on Masco Corp is a Moderate Buy with an average price target of $45, which is an 11.6% upside from current levels. In a report issued on July 23, Citigroup also maintained a Buy rating on the stock with a $45 price target.

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Masco Corp’s market cap is currently $12.42B and has a P/E ratio of 23.79. The company has a Price to Book ratio of -172.52.

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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 & Other Specialty Products.