Masonite International (NYSE:DOOR) Given New $95.00 Price Target at Robert W. Baird

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Masonite International (NYSE:DOOR) had its price target hoisted by Robert W. Baird from $88.00 to $95.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on DOOR. JPMorgan Chase & Co. reiterated a hold rating and issued a $90.00 target price on shares of Masonite International in a report on Thursday, February 13th. Northcoast Research upgraded Masonite International from a neutral rating to a buy rating and set a $85.00 target price on the stock in a report on Wednesday, November 27th. ValuEngine upgraded Masonite International from a strong sell rating to a sell rating in a report on Tuesday, January 28th. Benchmark started coverage on Masonite International in a report on Wednesday, February 5th. They issued a buy rating and a $100.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Masonite International from $90.00 to $105.00 and gave the company a buy rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $88.09.

Shares of NYSE:DOOR traded up $1.73 during midday trading on Thursday, hitting $88.63. 267,739 shares of the stock were exchanged, compared to its average volume of 168,035. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 50.36 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.72 and a current ratio of 2.65. The business’s 50-day moving average price is $77.19 and its 200 day moving average price is $65.10. Masonite International has a 12 month low of $47.04 and a 12 month high of $89.21.

Masonite International (NYSE:DOOR) last announced its earnings results on Tuesday, February 18th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.16. Masonite International had a return on equity of 15.23% and a net margin of 2.05%. The business had revenue of $531.24 million for the quarter, compared to analysts’ expectations of $533.51 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts expect that Masonite International will post 4.89 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in Masonite International in the first quarter valued at approximately $37,000. Point72 Hong Kong Ltd acquired a new position in Masonite International in the fourth quarter valued at approximately $87,000. Marshall Wace North America L.P. lifted its stake in Masonite International by 85.5% in the first quarter. Marshall Wace North America L.P. now owns 1,441 shares of the company’s stock valued at $72,000 after buying an additional 664 shares during the period. Great West Life Assurance Co. Can acquired a new position in Masonite International in the fourth quarter valued at approximately $149,000. Finally, Tower Research Capital LLC TRC lifted its stake in Masonite International by 532.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,195 shares of the company’s stock valued at $159,000 after buying an additional 1,848 shares during the period. 96.32% of the stock is currently 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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Analyst Recommendations for Masonite International (NYSE:DOOR)

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