Masco Corp. (NYSE: MAS) – Not A Clear Buying Opportunity?

Masco Corp. (MAS) concluded trading on Wednesday at a closing price of $69.74, with 4.61 million shares of worth about $321.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.10% during that period and on April 24, 2024 the price saw a loss of about -4.48%. Currently the company’s common shares owned by public are about 220.60M shares, out of which, 219.01M shares are available for trading.

Stock saw a price change of -3.62% in past 5 days and over the past one month there was a price change of -8.25%. Year-to-date (YTD), MAS shares are showing a performance of 4.12% which increased to 36.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.66 but also hit the highest price of $78.94 during that period. The average intraday trading volume for Masco Corp. shares is 2.13 million. The stock is currently trading -7.11% below its 20-day simple moving average (SMA20), while that difference is down -7.33% for SMA50 and it goes to 9.58% higher than SMA200.

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Masco Corp. (NYSE: MAS) currently have 220.60M outstanding shares and institutions hold larger chunk of about 96.44% of that.

The stock has a current market capitalization of $15.33B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 17.34, while it has posted earnings per share of $4.02 in the same period. Its PEG reads 1.83 and has Quick Ratio of 1.08. 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 2.47% while standing at 1.99% over the month.

Analysts are in expectations that Masco Corp. (MAS) stock would likely to be making an EPS of $0.88 in the current quarter, while forecast for next quarter EPS is $1.23 and it is $4.57 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.85 which is $0.92 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 $0.87 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.08% while it is estimated to increase by 10.80% in next year. EPS is likely to shrink at an annualized rate of 9.48% for next 5-years, compared to annual growth of 11.15% 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. On October 17, 2023, Wells Fargo Initiated their recommendations, while on April 28, 2023, Jefferies Upgrade their ratings for the stock with a price target of $65. Stock get a Hold rating from Deutsche Bank on February 13, 2023.

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