Masco Corp (MAS) is Resumed by BofA/Merrill to Buy, Price Target at $41

Masco Corp (MAS) was Resumed by BofA/Merrill to “Buy” and the brokerage firm has set the Price Target at $41. BofA/Merrill advised their investors in a research report released on Sep 23, 2016.

Many Wall Street Analysts have commented on Masco Corp. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 41 from a previous price target of $35 .Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .

On the company’s financial health, Masco Corp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.43. The company had revenue of $2001.00 million for the quarter, compared to analysts expectations of $1997.53 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Masco Corp opened for trading at $33.71 and hit $34.35 on the upside on Thursday, eventually ending the session at $34.33, with a gain of 2.82% or 0.94 points. The heightened volatility saw the trading volume jump to 59,07,641 shares. Company has a market cap of $11,336 M.

In a different news, on Aug 10, 2016, Richard A Manoogian (director) sold 35,244 shares at $36.30 per share price. According to the SEC, on Jul 29, 2016, Christopher K. Kastner (VP – Masco Operating Sys.) sold 4,085 shares at $36.53 per share price. On Jul 29, 2016, Kenneth G. Cole (VP, General Counsel and Sec.) sold 3,609 shares at $37.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Masco Corporation manufactures distributes and installs home improvement and building products. The Company’s 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.

Masco Corp

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