Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Masonite International Corporation (DOOR) Share Price
News coverage about Masonite International Corporation (NYSE:DOOR) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Masonite International Corporation earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5694037513354 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have recently weighed in on DOOR. Instinet reiterated 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. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Masonite International Corporation in a research report on Monday, July 24th. Stifel Nicolaus cut Masonite International Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $85.00 to $72.00 in a research report on Friday, August 11th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Masonite International Corporation in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded Masonite International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Masonite International Corporation has an average rating of “Buy” and an average price target of $76.22.
Shares of Masonite International Corporation (NYSE DOOR) traded up 0.55% during trading on Wednesday, reaching $63.80. The company’s stock had a trading volume of 29,166 shares. The company has a market capitalization of $1.88 billion, a P/E ratio of 20.04 and a beta of 1.26. The company’s 50-day moving average is $70.92 and its 200-day moving average is $75.15. Masonite International Corporation has a 12 month low of $50.40 and a 12 month high of $85.30.
Masonite International Corporation (NYSE:DOOR) last issued its earnings results on Wednesday, August 9th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.22. Masonite International Corporation had a net margin of 4.95% and a return on equity of 14.01%. The company had revenue of $519.70 million during the quarter, compared to analyst estimates of $547.79 million. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that Masonite International Corporation will post $3.37 EPS for the current fiscal year.
In other Masonite International Corporation news, Director Robert J. Byrne purchased 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $60.81 per share, with a total value of $91,215.00. Following the completion of the purchase, the director now owns 9,633 shares of the company’s stock, valued at $585,782.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.19% of the stock is currently owned by company insiders.
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Masonite International Corporation Company Profile
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.
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