MAYVILLE ENGR C/SH (NYSE:MEC) Receives $18.00 Consensus Price Target from Analysts

Shares of MAYVILLE ENGR C/SH (NYSE:MEC) have been assigned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $18.00.

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of MAYVILLE ENGR C/SH from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird initiated coverage on shares of MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They issued an “outperform” rating and a $19.00 price target on the stock. William Blair initiated coverage on shares of MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They issued an “outperform” rating on the stock. Finally, UBS Group initiated coverage on shares of MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They issued a “neutral” rating and a $17.00 price target on the stock.

In other MAYVILLE ENGR C/SH news, Chairman Robert D. Kamphuis purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $12.09 per share, for a total transaction of $181,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy L. Christen purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $12.92 per share, for a total transaction of $96,900.00. The disclosure for this purchase can be found here. Insiders purchased 64,434 shares of company stock worth $826,899 in the last 90 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of MEC. JPMorgan Chase & Co. purchased a new position in MAYVILLE ENGR C/SH in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new position in MAYVILLE ENGR C/SH in the second quarter valued at approximately $28,000. Tower Research Capital LLC TRC purchased a new position in MAYVILLE ENGR C/SH in the second quarter valued at approximately $39,000. FNY Investment Advisers LLC purchased a new position in MAYVILLE ENGR C/SH in the second quarter valued at approximately $59,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in MAYVILLE ENGR C/SH in the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 6.22% of the company’s stock.

Shares of MAYVILLE ENGR C/SH stock traded up $0.03 during mid-day trading on Thursday, hitting $11.84. 17,700 shares of the stock were exchanged, compared to its average volume of 67,625. MAYVILLE ENGR C/SH has a twelve month low of $11.16 and a twelve month high of $17.40. The stock has a 50-day moving average of $13.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.84.

MAYVILLE ENGR C/SH (NYSE:MEC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.15. The firm had revenue of $145.13 million for the quarter, compared to analyst estimates of $144.43 million. As a group, analysts forecast that MAYVILLE ENGR C/SH will post 0.75 EPS for the current year.

MAYVILLE ENGR C/SH Company Profile

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Analyst Recommendations for MAYVILLE ENGR C/SH (NYSE:MEC)

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