Masonite International (NYSE:DOOR) Given New Price Target at Royal Bank of Canada

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Masonite International (NYSE:DOOR) had its price objective increased by Royal Bank of Canada to in a report released on Thursday, The Fly reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued research reports about the company. Benchmark began coverage on Masonite International in a research note on Wednesday, February 5th. They set a buy rating and a $100.00 price objective for the company. Stifel Nicolaus boosted their price target on Masonite International from $90.00 to $105.00 and gave the stock a buy rating in a research note on Wednesday. JPMorgan Chase & Co. restated a hold rating and issued a $90.00 price target on shares of Masonite International in a research note on Thursday, February 13th. Northcoast Research upgraded Masonite International from a neutral rating to a buy rating and set a $85.00 price target for the company in a research note on Wednesday, November 27th. Finally, Robert W. Baird boosted their price target on Masonite International from $88.00 to $95.00 and gave the stock an outperform rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $88.09.

NYSE:DOOR traded up $1.73 during trading hours on Thursday, reaching $88.63. 267,739 shares of the company traded hands, compared to its average volume of 168,035. The business’s 50-day moving average price is $77.19 and its two-hundred day moving average price is $65.10. The stock has a market capitalization of $2.12 billion, a P/E ratio of 50.36 and a beta of 1.43. Masonite International has a 1 year low of $47.04 and a 1 year high of $89.21. The company has a current ratio of 2.65, a quick ratio of 1.72 and a debt-to-equity ratio of 1.50.

Masonite International (NYSE:DOOR) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.16. The business had revenue of $531.24 million during the quarter, compared to analysts’ expectations of $533.51 million. Masonite International had a return on equity of 15.23% and a net margin of 2.05%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities analysts anticipate that Masonite International will post 4.89 EPS for the current year.

Several hedge funds have recently bought and sold shares of DOOR. Man Group plc raised its stake in shares of Masonite International by 868.3% in the fourth quarter. Man Group plc now owns 307,994 shares of the company’s stock worth $22,240,000 after purchasing an additional 276,185 shares during the last quarter. Praesidium Investment Management Company LLC increased its position in Masonite International by 7.8% during the fourth quarter. Praesidium Investment Management Company LLC now owns 2,071,425 shares of the company’s stock valued at $149,578,000 after acquiring an additional 150,724 shares during the last quarter. Alliancebernstein L.P. increased its position in Masonite International by 7.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,036,373 shares of the company’s stock valued at $147,046,000 after acquiring an additional 147,464 shares during the last quarter. Renaissance Technologies LLC increased its position in Masonite International by 43.5% during the fourth quarter. Renaissance Technologies LLC now owns 459,400 shares of the company’s stock valued at $33,173,000 after acquiring an additional 139,300 shares during the last quarter. Finally, SG Capital Management LLC purchased a new stake in Masonite International during the fourth quarter valued at $8,888,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.

About Masonite International

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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