Stifel Nicolaus Sticks to Their Buy Rating for MasterCraft Boat Holdings (MCFT)

In a report released on May 10, Drew Crum from Stifel Nicolaus maintained a Buy rating on MasterCraft Boat Holdings (MCFT – Research Report), with a price target of $25.00. The company’s shares closed last Friday at $20.50.

Crum covers the Consumer Cyclical sector, focusing on stocks such as Hasbro, Mattel, and Funko. According to TipRanks, Crum has an average return of 9.0% and a 53.56% success rate on recommended stocks.

In addition to Stifel Nicolaus, MasterCraft Boat Holdings also received a Buy from Robert W. Baird’s Craig Kennison in a report issued on May 8. However, on May 9, KeyBanc reiterated a Hold rating on MasterCraft Boat Holdings (NASDAQ: MCFT).

MCFT market cap is currently $348.1M and has a P/E ratio of 9.26.

Based on the recent corporate insider activity of 33 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 MCFT in relation to earlier this year.

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MasterCraft Boat Holdings (MCFT) Company Description:

Mastercraft Boat Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft, NauticStar, Crest segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities. The NauticStar segment includes recreational boats primarily used for salt water fishing, and general recreational boating. The Crest segment produces pontoon boats and are primarily used for general recreational boating. The company was founded in 1968 and is headquartered in Vonore, TN.