Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Masonite International Corporation (NYSE:DOOR). The correct version of this story can be viewed at https://transcriptdaily.com/2017/08/11/ubs-asset-management-americas-inc-has-1-07-million-stake-in-masonite-international-corporation-door-updated-updated-updated.html. The firm has "Outperform" rating given on Wednesday, March 8 by RBC Capital Markets. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.05. Morgan Stanley has invested 0% of its portfolio in Masonite International Corp (NYSE:DOOR).
Shares of Masonite International Corporation (NYSE DOOR) traded up 1.97% during midday trading on Friday, hitting $59.50. 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 14.13% and a net margin of 4.95%. The company's quarterly revenue was down.4% compared to the same quarter previous year. During the same period in the prior year, the company earned $0.57 earnings per share.
A number of equities analysts recently weighed in on the company.
05/09/2017 - Masonite International Corporation had its "buy" rating reiterated by analysts at Instinet. Out of 9 Wall Street analysts rating Masonite International, 8 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Nomura began coverage on shares of Masonite International Corporation in a research note on Wednesday, April 12th. On June 22 Macquarie kept the company rating at "Outperform" but moved up the price target from $74.00 to $82.00. Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Masonite International Corporation in a research note on Friday, June 16th. Nine research analysts have rated the stock with a buy rating, The stock has an average rating of "Buy" and an average target price of $79.44.
In other Masonite International Corporation news, executive Robert Edgar Lewis unloaded 3,500 stocks of the company's shares in a trade dated Mon, May 15th. SG Americas Securities LLC now owns 2,361 shares of the company's stock valued at $187,000 after buying an additional 264 shares during the period. The information was declared in a document with the Security and Exchange Commission, which is available at the Security and Exchange Commission website. Moreover, Praesidium Investment Management Company Llc has 4.7% invested in the company for 881,605 shares. Ameriprise Financial Inc. increased its stake in shares of Masonite International Corporation by 0.9% in the first quarter. Its position was worth $69,671,000 an increase of $2,512,000 according to the filing. Strs Ohio boosted its position in Masonite International Corporation by 533.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the company's stock valued at $125,000 after buying an additional 258 shares during the last quarter. Wellington Management Group LLP increased its stake in Masonite International Corporation by 20.2% in the first quarter. Finally, Norges Bank acquired a new stake in Masonite International Corporation during the fourth quarter valued at $15,770,000. Clearbridge Investments LLC now owns 955,984 shares of the company's stock worth $75,762,000 after buying an additional 397,684 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Masonite International Corporation by 18.5% in the second quarter. The Hotchkis & Wiley Capital Management Llc holds 900,411 shares with $59.25M value, up from 876,405 last quarter. Executives own 2.19% of the firms stock.More news: TheStreet Lowers SeaWorld Entertainment, Inc
More news: Triple H Says He Thinks Ronda Rousey Is Unsure About WWE
More news: Walmart apologizes for 'Own the school year' sign over gun display
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was illegally copied and reposted in violation of United States & global copyright laws.
02/26/2016 - Masonite International Corporation was upgraded to " by analysts at Stephens. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.26. The lowest target is $72.0 while the high is $85.0.
Masonite International Corporation has a 50 day moving average of 75.77 and a 200 day moving average of 75.57.
RBC Capital Markets maintained Masonite International Corp (NYSE:DOOR) on Friday, November 6 with "Outperform" rating. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.