MCBC (NASDAQ:MCFT) had its price objective increased by equities research analysts at Wells Fargo & Co from $36.00 to $41.00 in a note issued to investors on Monday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target would indicate a potential upside of 10.22% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued reports about the company. Raymond James increased their price objective on MCBC from $36.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 20th. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, September 19th. B. Riley increased their price objective on MCBC from $36.50 to $44.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. BidaskClub raised MCBC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 15th. Finally, Robert W. Baird increased their price objective on MCBC from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.71.

NASDAQ:MCFT opened at $37.20 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.73 and a quick ratio of 0.33. MCBC has a 1-year low of $18.33 and a 1-year high of $39.50. The firm has a market capitalization of $691.00 million, a P/E ratio of 18.54, a P/E/G ratio of 1.03 and a beta of 1.09.

MCBC (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, September 6th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.15. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The business had revenue of $95.43 million during the quarter, compared to analyst estimates of $89.29 million. During the same quarter last year, the company posted $0.35 EPS. MCBC’s revenue for the quarter was up 63.6% on a year-over-year basis. research analysts expect that MCBC will post 2.4 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new stake in MCBC in the 1st quarter worth about $120,000. Voya Investment Management LLC purchased a new stake in shares of MCBC during the 2nd quarter worth about $201,000. Capital Fund Management S.A. purchased a new stake in shares of MCBC during the 2nd quarter worth about $208,000. Victory Capital Management Inc. purchased a new stake in shares of MCBC during the 1st quarter worth about $226,000. Finally, Mackay Shields LLC purchased a new stake in shares of MCBC during the 2nd quarter worth about $226,000. 93.79% of the stock is owned by hedge funds and other institutional investors.

MCBC Company Profile

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Analyst Recommendations for MCBC (NASDAQ:MCFT)

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