RBC Capital Keeps a Buy Rating on Masco Corp

By Carrie Williams

In a report released yesterday, Robert Wetenhall from RBC Capital reiterated a Buy rating on Masco Corp (NYSE: MAS), with a price target of $43. The company’s shares closed yesterday at $38.74, close to its 52-week high of $39.37.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 13.8% and a 79.2% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

Currently, the analyst consensus on Masco Corp is Strong Buy and the average price target is $41.43, representing a 6.9% upside.

In a report issued on July 13, Jefferies also reiterated a Buy rating on the stock with a $43 price target.

Masco Corp’s market cap is currently $12.25B and has a P/E ratio of 24.50. The company has a book value ratio of -45.6931.

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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.