In a report released today, Sam Reid from Wells Fargo maintained a Buy rating on Masco (MAS – Research Report), with a price target of $75.00. The company’s shares closed yesterday at $64.27.
Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and PulteGroup. According to TipRanks, Reid has an average return of 3.1% and a 54.17% success rate on recommended stocks.
Currently, the analyst consensus on Masco is a Moderate Buy with an average price target of $67.14.
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MAS market cap is currently $14.95B and has a P/E ratio of 18.14.
Based on the recent corporate insider activity of 54 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. Last month, Kenneth Cole, the VP, General Counsel and Sec. of MAS sold 27,043.00 shares for a total of $1,689,376.21.
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 (MAS) Company Description:
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.
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