Loop Capital Markets analyst Garik Shmois maintained a Buy rating on MasterBrand Inc (MBC – Research Report) today and set a price target of $16.00. The company’s shares opened today at $12.70.
Shmois covers the Industrials sector, focusing on stocks such as Sherwin-Williams Company, Beacon Roofing Supply, and Carlisle Companies. According to TipRanks, Shmois has an average return of 13.2% and a 67.41% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MasterBrand Inc with a $16.00 average price target.
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Based on MasterBrand Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $695.1 million and a net profit of $51.2 million. In comparison, last year the company earned a revenue of $148.94 million and had a net profit of $38.22 million
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MasterBrand Inc operates as a residential cabinet manufacturer in North America. It offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. The firm sells its products throughout the United States and Canada through three primary channels: dealers, retailers, and builders.
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