Set Your Sights On Masco Corp. (NYSE: MAS)’S Upside Potential

Masco Corp. (MAS) concluded trading on Wednesday at a closing price of $70.44, with 3.54 million shares of worth about $249.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.75% during that period and on Wednesday February 7 the price saw a gain of about 2.41%. Currently the company’s common shares owned by public are about 225.30M shares, out of which, 223.60M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 658,408 shares in 26 of the transactions. In 27 selling transactions, insiders dumped 657,978 shares.

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However, the stock later moved at a day high price of 70.82, or with a gain of 2.41%. Stock saw a price change of 4.68% in past 5 days and over the past one month there was a price change of 5.43%. Year-to-date (YTD), MAS shares are showing a performance of 5.17% which increased to 29.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.69 but also hit the highest price of $69.66 during that period. The average intraday trading volume for Masco Corp. shares is 1.64 million. The stock is currently trading 3.85% above its 20-day simple moving average (SMA20), while that difference is up 6.74% for SMA50 and it goes to 21.63% higher than SMA200.

Masco Corp. (NYSE: MAS) currently have 225.30M outstanding shares and institutions hold larger chunk of about 94.67% of that.

The stock has a current market capitalization of $15.81B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 19.19, while it has posted earnings per share of $3.67 in the same period. Its PEG reads 4.27 and has Quick Ratio of 1.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAS, volatility over the week remained 2.08% while standing at 1.98% over the month.

Analysts are in expectations that Masco Corp. (MAS) stock would likely to be making an EPS of $0.66 in the current quarter, while forecast for next quarter EPS is $0.89 and it is $3.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.26% while it is estimated to increase by 6.58% in next year. EPS is likely to shrink at an annualized rate of 4.49% for next 5-years, compared to annual growth of 16.93% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 02, 2024 offering a Neutral rating for the stock and assigned a target price of $70 to it.

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