TheStreet lowered shares of Masonite International (NYSE:DOOR – Get Rating) from a b rating to a c+ rating in a research note released on Wednesday, TheStreetRatingsTable reports.
Several other equities analysts have also recently weighed in on DOOR. StockNews.com upgraded Masonite International from a buy rating to a strong-buy rating in a report on Saturday, September 10th. JPMorgan Chase & Co. cut their target price on Masonite International from $110.00 to $93.00 in a research note on Friday, July 15th. Robert W. Baird boosted their target price on Masonite International from $102.00 to $104.00 in a research note on Wednesday, August 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Masonite International in a research note on Wednesday, August 17th. They issued a buy rating and a $135.00 target price on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $120.80.
Get Masonite International alerts:Masonite International Trading Up 0.3 %
Shares of DOOR stock opened at $75.03 on Wednesday. Masonite International has a 12 month low of $69.41 and a 12 month high of $128.87. The company has a quick ratio of 1.77, a current ratio of 2.85 and a debt-to-equity ratio of 1.31. The business's 50 day moving average is $85.69 and its two-hundred day moving average is $85.24. The company has a market cap of $1.67 billion, a PE ratio of 12.61 and a beta of 1.72.
Masonite International (NYSE:DOOR – Get Rating) last issued its earnings results on Monday, August 8th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.43 by $0.15. The firm had revenue of $762.00 million during the quarter, compared to analysts' expectations of $725.81 million. Masonite International had a return on equity of 32.68% and a net margin of 4.99%. Masonite International's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $2.23 earnings per share. Equities analysts predict that Masonite International will post 10.34 EPS for the current year.Hedge Funds Weigh In On Masonite International
Several large investors have recently bought and sold shares of DOOR. Spire Wealth Management increased its stake in shares of Masonite International by 51.6% in the second quarter. Spire Wealth Management now owns 385 shares of the company's stock valued at $30,000 after buying an additional 131 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Masonite International during the first quarter worth approximately $46,000. Covestor Ltd acquired a new stake in Masonite International during the first quarter worth approximately $55,000. Counterpoint Mutual Funds LLC acquired a new stake in Masonite International during the first quarter worth approximately $84,000. Finally, Quantbot Technologies LP acquired a new stake in Masonite International during the first quarter worth approximately $112,000.
Masonite International Company Profile
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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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