Mastercraft Boat (NASDAQ:MCFT) Stock Rating Lowered by ValuEngine

Mastercraft Boat (NASDAQ:MCFT) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other research firms also recently issued reports on MCFT. Raymond James raised Mastercraft Boat from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, February 18th. BidaskClub cut Mastercraft Boat from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. B. Riley reduced their target price on Mastercraft Boat from $29.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Zacks Investment Research cut Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Mastercraft Boat currently has a consensus rating of “Hold” and a consensus target price of $12.20.

NASDAQ MCFT traded up $0.19 during trading on Thursday, hitting $5.34. 552,900 shares of the company’s stock were exchanged, compared to its average volume of 281,212. The stock’s 50 day moving average price is $12.98 and its two-hundred day moving average price is $15.16. Mastercraft Boat has a fifty-two week low of $4.90 and a fifty-two week high of $26.74. The company has a current ratio of 0.79, a quick ratio of 0.28 and a debt-to-equity ratio of 1.11. The company has a market cap of $97.19 million, a PE ratio of 5.51 and a beta of 2.06.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.08. Mastercraft Boat had a return on equity of 59.16% and a net margin of 3.95%. The company had revenue of $99.60 million during the quarter, compared to the consensus estimate of $86.75 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. Analysts forecast that Mastercraft Boat will post 1.98 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of MCFT. Public Employees Retirement System of Ohio boosted its holdings in shares of Mastercraft Boat by 11.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,815 shares of the company’s stock worth $281,000 after buying an additional 1,928 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Mastercraft Boat by 1.5% during the 3rd quarter. Squarepoint Ops LLC now owns 108,386 shares of the company’s stock worth $1,618,000 after buying an additional 1,626 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of Mastercraft Boat during the 4th quarter worth approximately $284,000. Russell Investments Group Ltd. boosted its holdings in shares of Mastercraft Boat by 82.8% during the 4th quarter. Russell Investments Group Ltd. now owns 21,652 shares of the company’s stock worth $340,000 after buying an additional 9,806 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new position in shares of Mastercraft Boat during the 4th quarter worth approximately $1,819,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Mastercraft Boat Company Profile

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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