Bank of America Initiates Coverage on Masco Corp to Buy

Bank of America Initiates Coverage on Masco Corp(NYSE:MAS). The shares have been rated Buy. The rating by Bank of America was issued on Sep 23, 2016.

In a different note, On Jul 29, 2016, Citigroup said it Maintains its rating on Masco Corp. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on Masco Corp. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on Masco Corp. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, UBS said it Maintains its rating on Masco Corp. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Masco Corp. In the research note, the firm Raises the price-target to $34.50 per share. The shares have been rated ‘Overweight’ by the firm.

Masco Corp (MAS) made into the market gainers list on Tuesdays trading session with the shares advancing 1.43% or 0.49 points. Due to strong positive momentum, the stock ended at $34.82, which is also near the day’s high of $34.87. The stock began the session at $34.18 and the volume stood at 47,83,429 shares. The 52-week high of the shares is $37.375 and the 52 week low is $23.1. The company has a current market capitalization of $11,498 M and it has 33,02,14,590 shares in outstanding.

Masco Corp(MAS) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.00B. Analysts had an estimated revenue of $2.00B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, Richard A Manoogian (director) sold 35,244 shares at $36.30 per share price.Also, 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, John C Plant (director) sold 7,000 shares at $36.54 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.

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