StockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFT – Get Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.
A number of other equities research analysts also recently commented on MCFT. Stifel Nicolaus assumed coverage on shares of MasterCraft Boat in a report on Thursday, August 18th. They set a buy rating and a $35.00 price target for the company. Raymond James lowered their price target on shares of MasterCraft Boat from $38.00 to $29.00 and set an outperform rating for the company in a report on Friday, September 9th. Robert W. Baird lowered their target price on shares of MasterCraft Boat from $32.00 to $30.00 in a report on Friday, September 9th. Finally, B. Riley lowered their target price on shares of MasterCraft Boat from $46.00 to $37.00 and set a buy rating for the company in a report on Friday, September 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, MasterCraft Boat has an average rating of Buy and an average target price of $31.40.
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MasterCraft Boat Stock Performance
Shares of NASDAQ MCFT opened at $21.63 on Tuesday. The company has a market cap of $390.29 million, a PE ratio of 6.93 and a beta of 1.79. MasterCraft Boat has a 12 month low of $20.02 and a 12 month high of $29.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.42 and a quick ratio of 0.50. The company has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $23.88.
MasterCraft Boat (NASDAQ:MCFT – Get Rating) last issued its quarterly earnings results on Thursday, September 8th. The company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.31. MasterCraft Boat had a net
margin of 8.22% and a return on equity of 65.13%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, equities analysts anticipate that MasterCraft Boat will post 4.87 earnings per share for the current year.
Institutional Investors Weigh In On MasterCraft Boat
Institutional investors have recently bought and sold shares of the stock. Isthmus Partners LLC lifted its position in MasterCraft Boat by 4.1% during the first quarter. Isthmus Partners LLC now owns 74,908 shares of the company's stock valued at $1,843,000 after buying an additional 2,941 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in MasterCraft Boat by 267.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 14,124 shares of the company's stock valued at $400,000 after buying an additional 10,285 shares in the last quarter. Guardian Wealth Management Inc. acquired a new position in MasterCraft Boat during the fourth quarter valued at approximately $909,000. Forager Funds Management Pty Ltd acquired a new position in MasterCraft Boat during the fourth quarter valued at approximately $4,107,000. Finally, Allianz Asset Management GmbH acquired a new position in MasterCraft Boat during the fourth quarter valued at approximately $444,000. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
MasterCraft Boat Company Profile
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MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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