Shares of Masonite International Co. (NYSE:DOOR – Get Rating) have earned a consensus rating of "Buy" from the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.80.
Several brokerages have recently commented on DOOR. StockNews.com raised Masonite International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 10th. TheStreet downgraded Masonite International from a "b" rating to a "c+" rating in a research note on Wednesday. Robert W. Baird increased their price objective on Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reduced their target price on Masonite International from $110.00 to $93.00 in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Masonite International in a report on Wednesday, August 17th. They issued a "buy" rating and a $135.00 target price for the company.
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Hedge Funds Weigh In On Masonite International
Institutional investors have recently modified their holdings of the business. Spire Wealth Management grew its holdings in Masonite International by 51.6% during the second quarter. Spire Wealth Management now owns 385 shares of the company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Point72 Hong Kong Ltd bought a new position in Masonite International during the first quarter valued at $46,000. Covestor Ltd bought a new position in Masonite International during the first quarter valued at $55,000. Counterpoint Mutual Funds LLC bought a new position in Masonite International during the first quarter valued at $84,000. Finally, SG Americas Securities LLC bought a new position in Masonite International during the second quarter valued at $104,000.
Masonite International Stock Up 0.3 %
DOOR stock opened at $75.03 on Friday. The stock's 50 day simple moving average is $85.69 and its 200 day simple moving average is $85.15. Masonite International has a fifty-two week low of $69.41 and a fifty-two week high of $128.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 2.85. The company has a market cap of $1.67 billion, a P/E ratio of 12.61 and a beta of 1.72.
Masonite International (NYSE:DOOR – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.15. Masonite International had a return on equity of 32.68% and a net margin of 4.99%. The business had revenue of $762.00 million for the quarter, compared to the consensus estimate of $725.81 million. During the same period in the prior year, the business earned $2.23 EPS. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. On average, research analysts expect that Masonite International will post 10.34 earnings per share for the current fiscal year.
About Masonite International
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Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.
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