Published on 3 Apr 2024 on Zacks via Yahoo Finance
Masco (MAS) Surges 48% in Six Months: More Room to Run?
Masco Corporation MAS is well-poised for growth given its sustained focus on operational efficiency, investment in new products, strong pricing actions and inorganic drive. This apart, the company is well-positioned for robust long-term growth, thanks to its market-leading brands, acquisition synergies and strong liquidity position.This Livonia, MI-based home improvement and building products provider’s shares have gained 47.6% over the past six months, in line with the Zacks Building Products – Miscellaneous industry’s 48% growth.The company currently carries a Zacks Rank #2 (Buy) and has a long-term earnings growth rate of 8.7%, which speaks of its inherent strength. The growth prospect of Masco is further solidified with a VGM Score of A, backed by a Value Score of B and a Growth Score of A.The Zacks Consensus Estimate has witnessed an uptrend over the past 60 days as analysts raised their estimates, depicting optimism about the stock’s growth potential. Over the said time frame, the Zacks Consensus Estimate for 2024 earnings per share (EPS) has increased to $4.12 from $3.98. The estimated figure indicates 6.7% year-over-year growth.
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