B.Riley FBR Sticks to Their Buy Rating for MasterCraft Boat Holdings Inc (MCFT)


In a report issued on March 19, Eric Wold from B.Riley FBR maintained a Buy rating on MasterCraft Boat Holdings Inc (MCFT), with a price target of $43. The company’s shares closed yesterday at $22.88.

According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -4.7% and a 37.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

MasterCraft Boat Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $40.

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Based on MasterCraft Boat Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $10.19 million. In comparison, last year the company had a net profit of $8.01 million.

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Mastercraft Boat Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft and NauticStar segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities.

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