B.Riley Financial analyst Eric Wold maintained a Buy rating on MasterCraft Boat Holdings (MCFT – Research Report) on February 23 and set a price target of $40.00. The company’s shares closed last Thursday at $28.06, close to its 52-week high of $31.88.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 22.3% and a 59.2% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Dolby Laboratories, and Cinemark Holdings.
MasterCraft Boat Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $32.33, representing a 15.2% upside. In a report issued on February 10, Raymond James also maintained a Buy rating on the stock with a $31.00 price target.
Based on MasterCraft Boat Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $119 million and net profit of $12.5 million. In comparison, last year the company earned revenue of $99.63 million and had a net profit of $6.88 million.
Based on the recent corporate insider activity of 25 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.
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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.