Masco Corporation (MAS) stock is expected to deviate a maximum of $2.91 from the average target price of $33.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $37 and the most muted being $28.
Masco Corporation (MAS) has shown a rise of 5% or 597,706 shares in the short positions. The bets have increased to 12,620,930 shares on June 30,2016 from 12,023,224 shares on June 15,2016. With respect to the floated shares, the shorts are 3.8%. The days to cover are calculated to be 3, using the standard per day volume of 4,533,926 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Barclays maintains their rating on the shares of Masco Corporation (NYSE:MAS). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $36 per share from $31 per share. 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 $34.05, the bulls momentum made the stock top out at $34.24 level for the day. The stock recorded a low of $33.935 and closed the trading day at $34.02, in the green by 0.80%. The total traded volume for the day was 5,000,512. The stock had closed at $33.75 in the previous days trading.
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.