StockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFT – Get Rating) from a buy rating to a strong-buy rating in a research note published on Tuesday.
A number of other brokerages also recently weighed in on MCFT. Robert W. Baird lowered their target price on MasterCraft Boat from $32.00 to $30.00 in a report on Friday, September 9th. Raymond James decreased their price objective on MasterCraft Boat from $38.00 to $29.00 and set an outperform rating for the company in a report on Friday, September 9th. Stifel Nicolaus began coverage on MasterCraft Boat in a report on Thursday, August 18th. They set a buy rating and a $35.00 price objective for the company. Finally, B. Riley decreased their price objective on 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of $31.40.
Get MasterCraft Boat alerts:MasterCraft Boat Price Performance
MasterCraft Boat stock opened at $21.96 on Tuesday. The stock's 50 day moving average is $23.79 and its 200 day moving average is $23.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.57 and a quick ratio of 0.50. The firm has a market cap of $398.60 million, a P/E ratio of 7.04 and a beta of 1.79. MasterCraft Boat has a one year low of $20.02 and a one year high of $29.69.
MasterCraft Boat (NASDAQ:MCFT – Get Rating) last posted its quarterly earnings data 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 return on equity of 62.88% and a net margin of 8.22%. During the same period last year, the company earned $0.94 EPS. As a group, research analysts expect that MasterCraft Boat will post 4.24 EPS for the current year.Institutional Investors Weigh In On MasterCraft Boat
Institutional investors have recently bought and sold shares of the stock. Group One Trading L.P. grew its holdings in MasterCraft Boat by 55.9% during the first quarter. Group One Trading L.P. now owns 1,394 shares of the company's stock worth $34,000 after buying an additional 500 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in MasterCraft Boat in the first quarter worth $66,000. Amalgamated Bank purchased a new position in MasterCraft Boat in the first quarter worth $75,000. Lazard Asset Management LLC boosted its position in MasterCraft Boat by 88.5% in the first quarter. Lazard Asset Management LLC now owns 3,408 shares of the company's stock worth $83,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new position in MasterCraft Boat in the second quarter worth $143,000. Institutional investors own 89.33% of the company's stock.
MasterCraft Boat Company Profile
(Get Rating)
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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