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Masonite International (DOOR) Gets a Buy Rating from J.P. Morgan

In a report issued on May 5, Michael Rehaut from J.P. Morgan maintained a Buy rating on Masonite International (DOORResearch Report), with a price target of $110.00. The company’s shares closed last Friday at $85.99.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 1.2% and a 49.8% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Green Brick Partners, and Century Communities.

Masonite International has an analyst consensus of Strong Buy, with a price target consensus of $120.40, implying a 41.6% upside from current levels. In a report issued on April 22, Robert W. Baird also maintained a Buy rating on the stock with a $105.00 price target.

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Based on Masonite International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $726 million and net profit of $67.58 million. In comparison, last year the company earned revenue of $646 million and had a net profit of $46.98 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOOR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Masonite International Corp. designs and manufactures 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 markets and sells its products to remodeling contractors, builders, homeowners, retailers, dealers, lumberyards, commercial and general contractors and architects through well-established wholesale and retail distribution channels. Its reportable segments are organized and managed principally by geographic region: North America; Europe, Asia & Latin America; and Africa. The North America segment operates through three sub segments: Retail, Wholesale and Commercial. The Europe, Asia and Latin America segment includes operations in United Kingdom, France, Central Eastern Europe, Asia & South America and Israel. The company’s business roots back to 1925 and was founded on April 16, 2009 and is headquartered in Tampa, FL.

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