The Latest Breaking News from Masco

Over the past 3 months, 9 analysts have published their opinion on Masco (NYSE:MAS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

  Masco (NYSE:MAS) reported its Q1 earnings results on Wednesday, April 27, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities.

Upgrades

Within the last quarter, Masco (NYSE:MAS) has observed the following analyst ratings:

Analysts have provided the following ratings for Masco (NYSE:MAS) within the last quarter:

Upgrades

If history is any guide, there may be trouble ahead for shares of Masco (NYSE:MAS). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Barclays analyst Matthew Bouley lowered the price target on Masco Corp (NYSE:MAS) to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares. Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and elevated costs driving the headwinds; however, the pricing implementation into 2022 is likely…

Masco (NYSE:MAS) has observed the following analyst ratings within the last quarter:

According to Benzinga Pro, during Q4, Masco (NYSE:MAS) earned $140.00 million, a 41.42% increase from the preceding quarter. Masco's sales decreased to $2.02 billion, a 8.26% change since Q3.