On Oct 30, major Wall Street analysts update their ratings for $Masco (MAS.US)$, with price targets ranging from $82 to $94.
Barclays analyst Matthew Bouley maintains with a buy rating, and adjusts the target price from $92 to $93.
Wells Fargo analyst Sam Reid maintains with a buy rating, and maintains the target price at $92.
Evercore analyst Stephen Kim maintains with a hold rating, and adjusts the target price from $78 to $82.
Loop Capital analyst Garik Shmois maintains with a hold rating, and adjusts the target price from $76 to $87.
Baird analyst Timothy Wojs maintains with a buy rating, and adjusts the target price from $95 to $94.
Furthermore, according to the comprehensive report, the opinions of $Masco (MAS.US)$'s main analysts recently are as follows:
Masco's comprehensive margin performance is particularly remarkable compared to the more uneven trends seen in the broader housing sector. The company's collection of stable businesses is excelling, justifying its premium valuation.
Masco's Q3 earnings aligned with the general market consensus and surpassed estimates due to stronger than expected margins. The company has been effectively managing its price and cost, and simultaneously achieving gains in productivity, according to an analyst.
The firm noted that Masco delivered robust results, with the plumbing sector being a significant contributor to the positive outcome, and they continue to advocate for long-term investment in the company.
Masco's product portfolio is recognized for its 'quality and resilience' in the long term. Although Q3 results aligned closely with expectations, there is an increase in demand risks projecting towards fiscal 2025 due to persistent rate volatility. It is believed that the current stock valuation sufficiently reflects the potential for improvement, which may restrict further growth in its value.
Here are the latest investment ratings and price targets for $Masco (MAS.US)$ from 6 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
