Price Target Update on Masco Corporation (NYSE:MAS)

Masco Corporation (NYSE:MAS) : The consensus price target for Masco Corporation (NYSE:MAS) is $33.3 for the short term with a standard deviation of $2.91. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $28.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Masco Corporation (NYSE:MAS). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $31. The rating by the firm was issued on April 7, 2016.

Masco Corporation (NYSE:MAS): stock turned positive on Thursday. Though the stock opened at $31.53, the bulls momentum made the stock top out at $31.7 level for the day. The stock recorded a low of $31.23 and closed the trading day at $31.48, in the green by 0.87%. The total traded volume for the day was 3,273,062. The stock had closed at $31.21 in the previous days trading.

The company shares have rallied 29.58% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $32.92 and the one year low was seen on Jul 21, 2015. The 50-Day Moving Average price is $31.57 and the 200 Day Moving Average price is recorded at $29.45. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Straber Renee, officer (VP – Chief HR Officer) of Masco Corp /De/, had unloaded 3,694 shares at an average price of $32.6 in a transaction dated on May 31, 2016. The total value of the transaction was worth $120,424.

Masco Corporation manufactures, distributes and installs home improvement and building products. The Companys segments include Cabinets and Related Products, Plumbing Products, Installation and Other Services, Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets, and home office workstations, entertainment centers, storage products; bookcases, and kitchen utility products. Its Plumbing Products include faucets, plumbing fittings and valves, showerheads and hand showers, bathtubs and shower enclosures, toilets and spas. The Installation and Other Services includes the sale, installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains, and cabinet, door, window and other hardware. Its Other Specialty Products include windows, window frame components and patio doors, staple gun tackers, staples and other fastening tools.

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