Masco downgraded at RBC Capital on valuation (NYSE:MAS)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: SeekingAlpha
Analyst Downgrade: Masco has been downgraded by RBC Capital Markets from Outperform to Sector Perform due to its earnings outlook being considered fairly valued.
Market Position: The downgrade reflects a reassessment of the home-improvement products market and suggests that Masco's stock may not outperform its peers in the near term.
Analyst Views on MAS
Wall Street analysts forecast MAS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAS is 73.64 USD with a low forecast of 64.00 USD and a high forecast of 84.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
5 Buy
6 Hold
1 Sell
Moderate Buy
Current: 70.180
Low
64.00
Averages
73.64
High
84.00
Current: 70.180
Low
64.00
Averages
73.64
High
84.00
About MAS
Masco Corporation is engaged in designing, manufacturing and distributing branded home improvement and building products. The Company's portfolio of brands includes Behr paint; Delta and hansgrohe faucets, bath and shower fixtures; Liberty branded decorative and functional hardware, and HotSpring spas. Its segments include Plumbing Products and Decorative Architectural Products. The Plumbing Products segment principally includes faucets, plumbing system components and valves, showerheads and handheld showers, bath hardware and accessories, water filtration systems, sinks, kitchen accessories, spas, exercise pools, aquatic fitness systems, and saunas. The Decorative Architectural Products segment primarily includes architectural coatings, including paints, primers, specialty coatings, stains and waterproofing products, as well as paint applicators and accessories. Its products are sold primarily for repair and remodeling activity and, to a lesser extent, new home construction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
