Masonite International Corporation (NYSE:DOOR) has been given a $70.00 price objective by Wedbush in a research report issued on Saturday. The brokerage currently has a “buy” rating on the stock. Wedbush’s target price would indicate a potential upside of 17.65% from the stock’s current price.

Several other research analysts also recently commented on DOOR. Stifel Nicolaus downgraded shares of Masonite International Corporation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $72.00 in a research note on Friday. Nomura set a $77.00 price target on shares of Masonite International Corporation and gave the stock a “buy” rating in a research note on Thursday. Stephens downgraded shares of Masonite International Corporation from an “overweight” rating to an “equal weight” rating and set a $89.00 price target on the stock. in a research note on Thursday. Zacks Investment Research downgraded shares of Masonite International Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Instinet reissued a “buy” rating and set a $77.00 price target (down from $86.00) on shares of Masonite International Corporation in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Masonite International Corporation presently has a consensus rating of “Buy” and an average target price of $77.50.

Masonite International Corporation (NYSE DOOR) traded up 1.97% during trading on Friday, reaching $59.50. 1,012,785 shares of the company were exchanged. The firm’s 50-day moving average is $74.83 and its 200 day moving average is $75.65. The company has a market capitalization of $1.76 billion, a P/E ratio of 18.69 and a beta of 1.26. Masonite International Corporation has a one year low of $50.40 and a one year high of $85.30.

Masonite International Corporation (NYSE:DOOR) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.11 by $0.22. The business had revenue of $519.70 million for the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a return on equity of 14.13% and a net margin of 4.95%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. On average, analysts anticipate that Masonite International Corporation will post $3.98 EPS for the current fiscal year.

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In related news, insider Robert Edgar Lewis sold 3,500 shares of Masonite International Corporation stock in a transaction on Monday, May 15th. The shares were sold at an average price of $74.08, for a total value of $259,280.00. Following the transaction, the insider now directly owns 22,618 shares of the company’s stock, valued at $1,675,541.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.19% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Group LLC purchased a new position in shares of Masonite International Corporation during the first quarter valued at approximately $368,000. Bank of New York Mellon Corp increased its position in shares of Masonite International Corporation by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 145,932 shares of the company’s stock valued at $11,566,000 after buying an additional 2,980 shares during the last quarter. US Bancorp DE increased its position in shares of Masonite International Corporation by 202.9% in the first quarter. US Bancorp DE now owns 10,748 shares of the company’s stock valued at $851,000 after buying an additional 7,200 shares during the last quarter. Falcon Point Capital LLC increased its position in shares of Masonite International Corporation by 127.9% in the first quarter. Falcon Point Capital LLC now owns 142,622 shares of the company’s stock valued at $11,303,000 after buying an additional 80,031 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Masonite International Corporation by 6.2% in the first quarter. American Century Companies Inc. now owns 259,671 shares of the company’s stock valued at $20,579,000 after buying an additional 15,155 shares during the last quarter. 98.25% of the stock is currently owned by institutional investors.

Masonite International Corporation Company Profile

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

Analyst Recommendations for Masonite International Corporation (NYSE:DOOR)

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