Robert W. Baird Increases MCBC (MCFT) Price Target to $29.00
MCBC (NASDAQ:MCFT) had its price target boosted by stock analysts at Robert W. Baird from $24.00 to $29.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 10.18% from the company’s previous close.
Several other equities analysts also recently commented on MCFT. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, November 9th. B. Riley reissued a “buy” rating and set a $24.00 price target on shares of MCBC in a research report on Friday, November 10th. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded MCBC from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. MCBC currently has a consensus rating of “Buy” and a consensus price target of $27.31.
MCBC (NASDAQ:MCFT) opened at $26.32 on Friday. The company has a market capitalization of $491.60, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51. MCBC has a 12-month low of $13.94 and a 12-month high of $26.75.
Several institutional investors and hedge funds have recently bought and sold shares of MCFT. Schwab Charles Investment Management Inc. grew its position in shares of MCBC by 96.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after buying an additional 14,700 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of MCBC by 37.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,241 shares of the company’s stock worth $2,214,000 after buying an additional 31,113 shares in the last quarter. Teachers Advisors LLC grew its position in shares of MCBC by 5.5% during the 2nd quarter. Teachers Advisors LLC now owns 102,399 shares of the company’s stock worth $2,002,000 after buying an additional 5,336 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of MCBC by 6.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 133,003 shares of the company’s stock worth $2,600,000 after purchasing an additional 7,928 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in shares of MCBC by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares during the last quarter. 96.63% of the stock is currently owned by institutional investors and hedge funds.
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MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
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