Baird Upgrades Masonite International (DOOR) to Outperform

March 22, 2021 6:29 AM EDT
Get Alerts DOOR Hot Sheet
Price: $124.63 +1.33%

Rating Summary:
    12 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Baird analyst Timothy Wojs upgraded Masonite International (NYSE: DOOR) from Neutral to Outperform.

The analyst comments "Recent margin expansion, operational improvement, and capital deployment have pushed ROIC above 10% (vs. 6-8% historically), with a path towards mid/high-teens over the next several years via price-cost management, volume leverage, and continued FCF/stock buybacks. Shares have worked off higher estimates, but valuation multiple (7-8X EBITDA) has remained near bottom of our building products coverage, a disconnect with improving margins/returns. Wednesday’s analyst day could result in credible path for continued margin/ROIC improvements, serving as catalyst to revisit shares."

For an analyst ratings summary and ratings history on Masonite International click here. For more ratings news on Masonite International click here.

Shares of Masonite International closed at $117.03 yesterday.

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Robert W Baird