Masonite International (NYSE:DOOR) had its target price increased by analysts at Wedbush from $97.00 to $103.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential upside of 8.48% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Masonite International from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Monday, August 3rd. TheStreet upgraded Masonite International from a “c+” rating to a “b” rating in a research report on Wednesday, May 27th. Robert W. Baird raised their price target on Masonite International from $64.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Royal Bank of Canada raised their price target on Masonite International from $83.00 to $101.00 in a research report on Monday, July 6th. Finally, Benchmark raised their price target on Masonite International from $86.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $91.09.

Masonite International stock traded up $0.59 during midday trading on Wednesday, reaching $94.95. The company’s stock had a trading volume of 326 shares, compared to its average volume of 209,512. Masonite International has a fifty-two week low of $34.88 and a fifty-two week high of $99.99. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.01 and a current ratio of 2.95. The stock’s 50 day simple moving average is $90.68 and its 200 day simple moving average is $70.65. The firm has a market capitalization of $2.31 billion, a PE ratio of 29.52 and a beta of 1.78.

Masonite International (NYSE:DOOR) last released its earnings results on Monday, August 3rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. Masonite International had a return on equity of 18.12% and a net margin of 3.77%. The company had revenue of $499.66 million during the quarter, compared to the consensus estimate of $489.63 million. During the same quarter last year, the company earned $1.09 earnings per share. Masonite International’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities analysts predict that Masonite International will post 5.45 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Praesidium Investment Management Company LLC raised its position in shares of Masonite International by 6.9% in the 1st quarter. Praesidium Investment Management Company LLC now owns 2,213,812 shares of the company’s stock valued at $105,045,000 after purchasing an additional 142,387 shares in the last quarter. Sunriver Management LLC raised its position in shares of Masonite International by 6.3% in the 1st quarter. Sunriver Management LLC now owns 612,930 shares of the company’s stock valued at $29,084,000 after purchasing an additional 36,580 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Masonite International by 6.5% in the 1st quarter. Wells Fargo & Company MN now owns 577,004 shares of the company’s stock valued at $27,378,000 after acquiring an additional 35,319 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Masonite International by 41.9% in the 1st quarter. Invesco Ltd. now owns 570,783 shares of the company’s stock valued at $27,084,000 after acquiring an additional 168,533 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Masonite International by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 520,257 shares of the company’s stock valued at $24,686,000 after acquiring an additional 39,512 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

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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