In a report released yesterday, Eric Wold from B.Riley Financial maintained a Buy rating on MasterCraft Boat Holdings (MCFT – Research Report), with a price target of $45.00. The company’s shares closed last Wednesday at $28.80.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 29.5% and a 63.8% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, National Cinemedia, and Cinemark Holdings.
Currently, the analyst consensus on MasterCraft Boat Holdings is a Strong Buy with an average price target of $41.33, a 45.6% upside from current levels. In a report issued on November 10, Robert W. Baird also maintained a Buy rating on the stock with a $40.00 price target.
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Based on MasterCraft Boat Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $144 million and net profit of $10.39 million. In comparison, last year the company earned revenue of $104 million and had a net profit of $9.57 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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, 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.
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