MCBC (NASDAQ:MCFT) had its target price hoisted by investment analysts at Robert W. Baird from $24.00 to $29.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 10.18% from the company’s previous close.
MCFT has been the topic of several other research reports. Zacks Investment Research raised MCBC from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. BidaskClub lowered MCBC from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. B. Riley boosted their price target on MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.31.
MCBC (NASDAQ MCFT) traded up $4.07 during trading hours on Friday, hitting $26.32. The company’s stock had a trading volume of 691,970 shares, compared to its average volume of 186,020. The firm has a market cap of $424.93, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. MCBC has a 52-week low of $13.94 and a 52-week high of $26.75. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.
Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in shares of MCBC by 18.8% during the 4th quarter. Royce & Associates LP now owns 753,689 shares of the company’s stock worth $16,747,000 after acquiring an additional 119,332 shares during the last quarter. BlackRock Inc. increased its holdings in shares of MCBC by 54.7% during the 4th quarter. BlackRock Inc. now owns 2,387,378 shares of the company’s stock worth $53,046,000 after acquiring an additional 843,953 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of MCBC by 7.6% during the 4th quarter. Hood River Capital Management LLC now owns 459,278 shares of the company’s stock worth $10,205,000 after acquiring an additional 32,402 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of MCBC during the 4th quarter worth approximately $404,000. Finally, Wedge Capital Management L L P NC increased its holdings in shares of MCBC by 43.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 47,500 shares of the company’s stock worth $1,055,000 after acquiring an additional 14,400 shares during the last quarter. 96.63% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “MCBC (MCFT) Price Target Raised to $29.00 at Robert W. Baird” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/09/mcbc-mcft-price-target-raised-to-29-00-at-robert-w-baird.html.
MCBC Company Profile
MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
Receive News & Ratings for MCBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC and related companies with MarketBeat.com's FREE daily email newsletter.