Masonite International Corp (DOOR) Given Consensus Rating of “Hold” by Brokerages

Masonite International Corp (NYSE:DOOR) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.17.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. ValuEngine raised shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. B. Riley lowered their target price on shares of Masonite International from $86.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, August 13th. TheStreet downgraded shares of Masonite International from a “b” rating to a “c+” rating in a research note on Wednesday, August 22nd. Finally, Royal Bank of Canada set a $76.00 target price on shares of Masonite International and gave the company a “buy” rating in a research note on Monday, October 8th.

DOOR opened at $53.78 on Friday. The company has a quick ratio of 2.23, a current ratio of 3.26 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.43 billion, a P/E ratio of 14.46 and a beta of 1.28. Masonite International has a fifty-two week low of $51.15 and a fifty-two week high of $75.95.

Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.02). The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $559.88 million. Masonite International had a return on equity of 14.72% and a net margin of 7.08%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, equities research analysts anticipate that Masonite International will post 4.03 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado increased its stake in Masonite International by 167.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,608 shares of the company’s stock valued at $103,000 after purchasing an additional 1,006 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Masonite International by 773.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,008 shares of the company’s stock valued at $143,000 after purchasing an additional 1,778 shares in the last quarter. Franklin Resources Inc. bought a new stake in Masonite International in the third quarter valued at approximately $207,000. Hartford Investment Management Co. acquired a new position in shares of Masonite International in the second quarter valued at approximately $209,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Masonite International by 95.4% in the third quarter. Hsbc Holdings PLC now owns 5,509 shares of the company’s stock valued at $353,000 after buying an additional 2,689 shares during the period. 97.66% of the stock is 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.

Featured Story: Why do earnings reports matter?

Analyst Recommendations for Masonite International (NYSE:DOOR)

Receive News & Ratings for Masonite International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masonite International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply