MasterCraft Boat (NASDAQ:MCFT) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFTGet Rating) from a hold rating to a buy rating in a research report report published on Monday.

Several other equities analysts have also weighed in on MCFT. B. Riley restated a buy rating and set a $47.00 price objective on shares of MasterCraft Boat in a research report on Monday, March 28th. Raymond James raised their price objective on shares of MasterCraft Boat from $39.00 to $41.00 and gave the company an outperform rating in a research report on Friday, February 4th. Zacks Investment Research lowered shares of MasterCraft Boat from a buy rating to a hold rating in a research report on Saturday, April 9th. Truist Financial reduced their price objective on shares of MasterCraft Boat from $30.00 to $26.00 in a research note on Wednesday, January 26th. Finally, Robert W. Baird reduced their price objective on shares of MasterCraft Boat from $40.00 to $36.00 in a research note on Thursday, May 12th.

Shares of MCFT opened at $22.55 on Monday. The firm has a 50-day moving average price of $24.06 and a 200 day moving average price of $26.12. The firm has a market capitalization of $406.89 million, a PE ratio of 6.71 and a beta of 1.88. The company has a quick ratio of 0.50, a current ratio of 1.42 and a debt-to-equity ratio of 0.46. MasterCraft Boat has a 52-week low of $20.94 and a 52-week high of $29.69.

MasterCraft Boat (NASDAQ:MCFTGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. MasterCraft Boat had a net margin of 9.80% and a return on equity of 56.19%. During the same quarter last year, the business posted $0.97 earnings per share. On average, equities analysts expect that MasterCraft Boat will post 4.08 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MCFT. Moors & Cabot Inc. purchased a new stake in shares of MasterCraft Boat in the third quarter worth approximately $28,000. Group One Trading L.P. lifted its position in shares of MasterCraft Boat by 55.9% in the first quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of MasterCraft Boat in the fourth quarter worth approximately $45,000. Royal Bank of Canada lifted its position in shares of MasterCraft Boat by 50.8% in the third quarter. Royal Bank of Canada now owns 1,947 shares of the company’s stock worth $48,000 after purchasing an additional 656 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of MasterCraft Boat by 133.9% in the third quarter. Citigroup Inc. now owns 2,098 shares of the company’s stock worth $53,000 after purchasing an additional 1,201 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

MasterCraft Boat Company Profile (Get Rating)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Read More

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.