Stifel Nicolaus upgraded shares of Masonite International (NYSE:DOOR) from a hold rating to a buy rating in a research note released on Wednesday morning, Briefing.com Automated Import reports. Stifel Nicolaus currently has $80.00 price objective on the stock, up from their prior price objective of $50.00.
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Several other research analysts also recently weighed in on DOOR. Royal Bank of Canada downgraded shares of Masonite International from an outperform rating to a sector perform rating and set a $62.00 price target on the stock. in a research report on Wednesday. TheStreet raised shares of Masonite International from a c+ rating to a b- rating in a research note on Friday, September 27th. Wedbush reissued a neutral rating on shares of Masonite International in a research note on Wednesday, August 7th. ValuEngine raised shares of Masonite International from a sell rating to a hold rating in a research note on Friday, November 1st. Finally, Zacks Investment Research raised shares of Masonite International from a sell rating to a hold rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Masonite International presently has an average rating of Buy and a consensus price target of $64.33.
DOOR traded up $0.14 during trading on Wednesday, hitting $64.49. The company’s stock had a trading volume of 178,194 shares, compared to its average volume of 140,539. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 1.50. Masonite International has a one year low of $43.76 and a one year high of $67.55. The firm has a market cap of $1.58 billion, a PE ratio of 17.52 and a beta of 1.36. The business’s 50 day simple moving average is $58.87 and its 200-day simple moving average is $53.80.
Masonite International (NYSE:DOOR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.12. Masonite International had a net margin of 2.55% and a return on equity of 15.29%. The business had revenue of $552.19 million for the quarter, compared to the consensus estimate of $557.92 million. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that Masonite International will post 3.56 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in Masonite International during the first quarter valued at $37,000. First Mercantile Trust Co. purchased a new position in Masonite International during the second quarter valued at $71,000. Marshall Wace North America L.P. grew its stake in Masonite International by 85.5% during the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after acquiring an additional 664 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Masonite International during the second quarter valued at $207,000. Finally, Brinker Capital Inc. purchased a new position in Masonite International during the third quarter valued at $251,000. 96.84% of the stock is owned by hedge funds and other institutional investors.
Masonite International Company Profile
Masonite International Corporation designs, manufactures, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. The company offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors.
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