Mastercraft Boat (NASDAQ:MCFT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 18th, BidAskClub reports.
MCFT has been the subject of several other research reports. Zacks Investment Research lowered shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. B. Riley dropped their price objective on shares of Mastercraft Boat from $37.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, September 13th. ValuEngine lowered shares of Mastercraft Boat from a “sell” rating to a “strong sell” rating in a research report on Friday, May 24th. TheStreet lowered shares of Mastercraft Boat from a “b-” rating to a “c+” rating in a report on Thursday, August 15th. Finally, Raymond James lowered shares of Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.50.
Shares of MCFT traded up $0.44 on Wednesday, hitting $14.27. 500,895 shares of the stock traded hands, compared to its average volume of 444,982. The company has a quick ratio of 0.35, a current ratio of 0.79 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $273.29 million, a P/E ratio of 5.19, a P/E/G ratio of 0.59 and a beta of 1.67. The stock’s 50 day moving average is $14.96 and its two-hundred day moving average is $19.36. Mastercraft Boat has a 1 year low of $13.33 and a 1 year high of $37.58.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. Mastercraft Boat had a net margin of 4.58% and a return on equity of 73.50%. The firm had revenue of $122.81 million during the quarter, compared to analyst estimates of $126.21 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Mastercraft Boat’s revenue for the quarter was up 28.7% compared to the same quarter last year. Research analysts forecast that Mastercraft Boat will post 2.45 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCFT. Swiss National Bank lifted its position in Mastercraft Boat by 2.1% in the 2nd quarter. Swiss National Bank now owns 34,800 shares of the company’s stock valued at $682,000 after purchasing an additional 700 shares during the last quarter. Northern Trust Corp lifted its position in Mastercraft Boat by 0.3% in the 2nd quarter. Northern Trust Corp now owns 220,625 shares of the company’s stock valued at $4,322,000 after purchasing an additional 737 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mastercraft Boat by 106.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,017 shares of the company’s stock valued at $46,000 after purchasing an additional 1,041 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Mastercraft Boat in the 2nd quarter valued at about $25,000. Finally, New York State Teachers Retirement System bought a new stake in Mastercraft Boat in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
About Mastercraft Boat
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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