Masco Corp (MAS) is Reiterated by MKM Partners to Neutral, Raises Price Target to $ 29

Masco Corp (MAS) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $27 . MKM Partners advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Masco Corp. Company shares were Reiterated by FBR Capital on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 31 from a previous price target of $32 .

On the company’s financial health, Masco Corp reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $1720.00 million for the quarter, compared to analysts expectations of $1725.19 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 $0.18 EPS.

Masco Corp opened for trading at $32.35 and hit $32.56 on the upside on Friday, eventually ending the session at $32.47, with a gain of 0.53% or 0.17 points. The heightened volatility saw the trading volume jump to 29,58,872 shares. Company has a market cap of $10,843 M.

In a different news, on Apr 4, 2016, Lokeren Mary Ann Van (director) sold 767 shares at $31.28 per share price. According to the SEC, on Mar 24, 2016, John P Lindow (VP-Controller) sold 2,946 shares at $31.20 per share price. On Mar 21, 2016, Kenneth G. Cole (VP, General Counsel and Sec.) sold 1,142 shares at $30.77 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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