Masonite International (NYSE:DOOR) Price Target Cut to $90.00

Masonite International (NYSE:DOORGet Rating) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $110.00 to $90.00 in a research report issued to clients and investors on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.04% from the company’s previous close.

DOOR has been the topic of a number of other research reports. StockNews.com started coverage on shares of Masonite International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 1st. Stifel Nicolaus decreased their target price on shares of Masonite International from $150.00 to $130.00 in a research report on Wednesday, February 23rd. Royal Bank of Canada decreased their target price on shares of Masonite International from $153.00 to $142.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Finally, TheStreet lowered shares of Masonite International from a “b” rating to a “c” rating in a report on Friday, February 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $121.00.

Shares of DOOR opened at $77.56 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.05 and a current ratio of 2.95. The stock’s 50 day simple moving average is $90.52. Masonite International has a 1-year low of $72.86 and a 1-year high of $132.22. The stock has a market cap of $1.75 billion, a PE ratio of 20.52 and a beta of 1.73.

Masonite International (NYSE:DOORGet Rating) last issued its quarterly earnings data on Monday, February 21st. The company reported $2.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.02). Masonite International had a return on equity of 27.40% and a net margin of 3.64%. The business had revenue of $635.97 million for the quarter, compared to analysts’ expectations of $662.96 million. During the same period last year, the business earned $1.26 earnings per share. On average, equities analysts expect that Masonite International will post 9.81 earnings per share for the current year.

In related news, Director Jay Ira Steinfeld purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 24th. The shares were bought at an average price of $85.80 per share, for a total transaction of $85,800.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. FourThought Financial LLC raised its stake in shares of Masonite International by 8.9% in the 4th quarter. FourThought Financial LLC now owns 1,128 shares of the company’s stock valued at $133,000 after acquiring an additional 92 shares during the period. Pitcairn Co. increased its stake in Masonite International by 3.0% during the 3rd quarter. Pitcairn Co. now owns 3,196 shares of the company’s stock worth $339,000 after buying an additional 93 shares during the period. Aurora Investment Counsel increased its stake in Masonite International by 0.9% during the 3rd quarter. Aurora Investment Counsel now owns 10,562 shares of the company’s stock worth $1,121,000 after buying an additional 99 shares during the period. California State Teachers Retirement System increased its stake in Masonite International by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $3,808,000 after buying an additional 168 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Masonite International by 2.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 7,380 shares of the company’s stock worth $871,000 after buying an additional 180 shares during the period.

About Masonite International (Get Rating)

Masonite International Corporation designs, manufactures, markets, 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. It offers molded panel, flush, stile and rail, steel, and fiberglass residential doors, as well as medium-density fiberboard (MDF) and architectural interior doors.

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