In a report released today, Noah Zatzkin from KeyBanc maintained a Hold rating on MasterCraft Boat Holdings (MCFT – Research Report). The company’s shares closed last Friday at $19.95.
Zatzkin covers the Consumer Cyclical sector, focusing on stocks such as Nordstrom, Oxford Industries, and Malibu Boats. According to TipRanks, Zatzkin has an average return of -7.7% and a 38.10% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MasterCraft Boat Holdings with a $23.83 average price target, implying a 19.45% upside from current levels. In a report released on November 9, B.Riley Financial also maintained a Hold rating on the stock with a $21.00 price target.
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MCFT market cap is currently $344.3M and has a P/E ratio of 4.96.
Based on the recent corporate insider activity of 29 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on MCFT:
- MasterCraft Boat price target lowered to $21 from $23 at B. Riley
- MasterCraft Boat price target lowered to $26 from $28 at Baird
- MasterCraft Boat sees FY24 EPS $1.46-$1.88, consensus $1.80
- MasterCraft Boat Holdings, Inc. Reports Results for Fiscal 2024 First Quarter
- MasterCraft Boat reports Q1 adjusted EPS 47c, consensus 40c
