Masonite International Corp Price Target Increased to $60.00 by Analysts at RBC Capital (DOOR)
Research analysts at RBC Capital lifted their price target on shares of Masonite International Corp (NYSE:DOOR) from $57.00 to $60.00 in a report released on Friday. RBC Capital’s target price suggests a potential upside of 12.30% from the company’s current price.
In other Masonite International Corp news, Insider Glenwood E. Coulter, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $50.97, for a total value of $254,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Masonite International Corp (NYSE:DOOR) traded up 1.66% on Friday, hitting $53.43. The stock had a trading volume of 251,856 shares. Masonite International Corp has a 52 week low of $45.00 and a 52 week high of $62.25. The stock’s 50-day moving average is $52.97 and its 200-day moving average is $54.51. The company’s market cap is $1.585 billion. Masonite International Corp also was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,980,983 shares, a growth of 65.2% from the June 30th total of 1,803,938 shares. Currently, 11.1% of the company’s shares are sold short. Based on an average trading volume of 261,315 shares, the days-to-cover ratio is presently 11.4 days.
Masonite International Corp (NYSE:DOOR) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $490.20 million for the quarter, compared to the consensus estimate of $484.03 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that Masonite International Corp will post $-0.07 EPS for the current fiscal year.
A number of other firms have also recently commented on DOOR. Analysts at Imperial Capital cut their price target on shares of Masonite International Corp from $66.00 to $63.00 in a research note on Friday. They now have an “outperform” rating on the stock. Analysts at Wedbush initiated coverage on shares of Masonite International Corp in a research note on Thursday, July 17th. They set an “outperform” rating and a $62.00 price target on the stock.
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.
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