Royal Bank Of Canada restated their buy rating on shares of Masonite International Corporation (NYSE:DOOR) in a research note released on Monday. Royal Bank Of Canada currently has a $67.00 target price on the stock.

DOOR has been the subject of several other reports. Zacks Investment Research upgraded Masonite International Corporation from a sell rating to a hold rating in a research report on Tuesday, July 18th. TheStreet lowered Masonite International Corporation from a b rating to a c+ rating in a research report on Friday, August 25th. Wedbush restated an outperform rating and set a $85.00 price target on shares of Masonite International Corporation in a research report on Friday, June 16th. Robert W. Baird restated a buy rating and set a $70.00 price target on shares of Masonite International Corporation in a research report on Sunday, September 17th. Finally, Instinet restated a buy rating and set a $77.00 price target (down from $86.00) on shares of Masonite International Corporation in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $75.60.

Shares of Masonite International Corporation (DOOR) opened at 68.50 on Monday. The firm’s 50-day moving average price is $65.32 and its 200-day moving average price is $74.30. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 21.51 and a beta of 1.29.

Masonite International Corporation (NYSE:DOOR) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.22). The business had revenue of $519.70 million during the quarter, compared to analysts’ expectations of $547.79 million. Masonite International Corporation had a return on equity of 14.01% and a net margin of 4.95%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 earnings per share. Equities research analysts expect that Masonite International Corporation will post $3.37 EPS for the current year.

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In related news, Director Robert J. Byrne acquired 1,500 shares of Masonite International Corporation stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $60.81 per share, for a total transaction of $91,215.00. Following the completion of the purchase, the director now owns 9,633 shares in the company, valued at $585,782.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DOOR. Strs Ohio raised its stake in shares of Masonite International Corporation by 533.3% in the first quarter. Strs Ohio now owns 1,900 shares of the company’s stock valued at $150,000 after acquiring an additional 1,600 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Masonite International Corporation by 720.4% in the first quarter. Russell Investments Group Ltd. now owns 51,171 shares of the company’s stock valued at $4,055,000 after acquiring an additional 44,934 shares in the last quarter. US Bancorp DE raised its stake 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 acquiring an additional 7,200 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 2,980 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Masonite International Corporation by 49.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,453 shares of the company’s stock valued at $1,066,000 after acquiring an additional 4,457 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

About Masonite International Corporation

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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