Robert W. Baird Thinks Masco Corp’s Stock is Going to Recover


Robert W. Baird analyst Timothy Wojs reiterated a Buy rating on Masco Corp (NYSE: MAS) on October 30 and set a price target of $36. The company’s shares closed yesterday at $30, close to its 52-week low of $27.15.

According to TipRanks.com, Wojs is a 1-star analyst with an average return of -1.6% and a 47.4% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Masco Corp with a $41.10 average price target, a 37.0% upside from current levels. In a report issued on October 15, Jefferies also reiterated a Buy rating on the stock with a $52 price target.

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The company has a one-year high of $46.45 and a one-year low of $27.15. Currently, Masco Corp has an average volume of 3.68M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, John Sznewajs, the VP & CFO of MAS sold 96,869 shares for a total of $3,772,487.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products.

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