Masco (MAS) Receives a Buy from Barclays

By Jason Carr

Barclays analyst Matthew Bouley maintained a Buy rating on Masco (MASResearch Report) yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $41.50.

According to TipRanks.com, Bouley is a 4-star analyst with an average return of 5.8% and a 48.8% success rate. Bouley covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, Skyline Champion, and Taylor Morrison.

Masco has an analyst consensus of Strong Buy, with a price target consensus of $44.00, implying a 0.9% upside from current levels. In a report issued on April 17, Nomura also maintained a Buy rating on the stock with a $52.00 price target.

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Based on Masco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $920 million and net profit of $453 million. In comparison, last year the company earned revenue of $911 million and had a net profit of $194 million.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAS in relation to earlier this year.

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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 and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools. The Decorative Architectural Products segment offers paints and coating products; and cabinet, door, window, and other hardware. The company was founded by Alex Manoogian in 1929 and is headquartered in Livonia, MI.