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MasterCraft Boat (NASDAQ:MCFT) Price Target Raised to $22.00 at Truist Financial

Written by Amanda

MasterCraft Boat (NASDAQ:MCFTFree Report) had its target price raised by Truist Financial from $20.00 to $22.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently issued reports on MCFT. Stifel Nicolaus decreased their price objective on MasterCraft Boat from $33.00 to $29.00 and set a buy rating on the stock in a report on Tuesday, October 31st. Raymond James decreased their target price on shares of MasterCraft Boat from $25.00 to $23.00 and set an outperform rating on the stock in a research report on Thursday, November 9th. Finally, StockNews.com cut shares of MasterCraft Boat from a buy rating to a hold rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MasterCraft Boat currently has a consensus rating of Hold and a consensus price target of $24.83.

Get Our Latest Research Report on MCFT

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $21.98 on Tuesday. The business’s fifty day moving average price is $21.44 and its two-hundred day moving average price is $23.76. The stock has a market cap of $379.37 million, a PE ratio of 5.44 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.42 and a current ratio of 2.08. MasterCraft Boat has a one year low of $19.25 and a one year high of $35.29.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. MasterCraft Boat had a net margin of 11.91% and a return on equity of 41.42%. The company had revenue of $104.22 million for the quarter, compared to analysts’ expectations of $95.95 million. On average, analysts forecast that MasterCraft Boat will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasterCraft Boat news, Director Donald C. Campion sold 6,563 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.11, for a total transaction of $138,544.93. Following the transaction, the director now owns 14,142 shares in the company, valued at $298,537.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MCFT. BlackRock Inc. lifted its holdings in MasterCraft Boat by 9.9% in the 2nd quarter. BlackRock Inc. now owns 1,558,057 shares of the company’s stock worth $47,754,000 after buying an additional 139,923 shares in the last quarter. Forager Capital Management LLC grew its stake in MasterCraft Boat by 2.9% during the 2nd quarter. Forager Capital Management LLC now owns 1,238,904 shares of the company’s stock valued at $37,972,000 after purchasing an additional 35,000 shares in the last quarter. Divisar Capital Management LLC increased its holdings in MasterCraft Boat by 12.0% during the 1st quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock worth $29,852,000 after purchasing an additional 130,333 shares during the last quarter. Capital World Investors acquired a new position in shares of MasterCraft Boat in the 2nd quarter valued at approximately $19,893,000. Finally, Dimensional Fund Advisors LP raised its position in shares of MasterCraft Boat by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 577,918 shares of the company’s stock valued at $17,713,000 after purchasing an additional 4,715 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

About MasterCraft Boat

(Get Free Report)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.

Read More

Analyst Recommendations for MasterCraft Boat (NASDAQ:MCFT)



Receive News & Ratings for MasterCraft Boat Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MasterCraft Boat and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

MasterCraft Boat (NASDAQ:MCFTFree Report) had its target price raised by Truist Financial from $20.00 to $22.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently issued reports on MCFT. Stifel Nicolaus decreased their price objective on MasterCraft Boat from $33.00 to $29.00 and set a buy rating on the stock in a report on Tuesday, October 31st. Raymond James decreased their target price on shares of MasterCraft Boat from $25.00 to $23.00 and set an outperform rating on the stock in a research report on Thursday, November 9th. Finally, StockNews.com cut shares of MasterCraft Boat from a buy rating to a hold rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MasterCraft Boat currently has a consensus rating of Hold and a consensus price target of $24.83.

Get Our Latest Research Report on MCFT

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $21.98 on Tuesday. The business’s fifty day moving average price is $21.44 and its two-hundred day moving average price is $23.76. The stock has a market cap of $379.37 million, a PE ratio of 5.44 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.42 and a current ratio of 2.08. MasterCraft Boat has a one year low of $19.25 and a one year high of $35.29.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. MasterCraft Boat had a net margin of 11.91% and a return on equity of 41.42%. The company had revenue of $104.22 million for the quarter, compared to analysts’ expectations of $95.95 million. On average, analysts forecast that MasterCraft Boat will post 1.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other MasterCraft Boat news, Director Donald C. Campion sold 6,563 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.11, for a total transaction of $138,544.93. Following the transaction, the director now owns 14,142 shares in the company, valued at $298,537.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MCFT. BlackRock Inc. lifted its holdings in MasterCraft Boat by 9.9% in the 2nd quarter. BlackRock Inc. now owns 1,558,057 shares of the company’s stock worth $47,754,000 after buying an additional 139,923 shares in the last quarter. Forager Capital Management LLC grew its stake in MasterCraft Boat by 2.9% during the 2nd quarter. Forager Capital Management LLC now owns 1,238,904 shares of the company’s stock valued at $37,972,000 after purchasing an additional 35,000 shares in the last quarter. Divisar Capital Management LLC increased its holdings in MasterCraft Boat by 12.0% during the 1st quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock worth $29,852,000 after purchasing an additional 130,333 shares during the last quarter. Capital World Investors acquired a new position in shares of MasterCraft Boat in the 2nd quarter valued at approximately $19,893,000. Finally, Dimensional Fund Advisors LP raised its position in shares of MasterCraft Boat by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 577,918 shares of the company’s stock valued at $17,713,000 after purchasing an additional 4,715 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

About MasterCraft Boat

(Get Free Report)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.

Read More

Analyst Recommendations for MasterCraft Boat (NASDAQ:MCFT)



Receive News & Ratings for MasterCraft Boat Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MasterCraft Boat and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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