Masco Corporation (MAS) : Analyst Rating Update

Masco Corporation (MAS) : 7 brokerage houses believe that Masco Corporation (MAS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Masco Corporation (MAS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.

Masco Corporation (MAS) : The consensus price target for Masco Corporation (MAS) is $33.3 for the short term with a standard deviation of $2.91. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $28.

Masco Corporation (NYSE:MAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.38 and $30.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.92, notching a gain of 1.53% for the day. The total traded volume was 2,817,936 . The stock had closed at $30.46 on the previous day.

Also, Brokerage firm Barclays maintains its rating on Masco Corporation (NYSE:MAS). As per the latest information, the brokerage house raises the price target to $36 per share from a prior target of $31. The shares have been rated Overweight. The rating by the firm was issued on April 7, 2016. The company shares have rallied 32.65% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $32.92 and the one year low was seen on Jul 21, 2015. The 50-Day Moving Average price is $31.35 and the 200 Day Moving Average price is recorded at $29.54.

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.

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