Wells Fargo Maintains Their Buy Rating on MasterCraft Boat Holdings Inc (MCFT)


Wells Fargo analyst Tim Conder maintained a Buy rating on MasterCraft Boat Holdings Inc (MCFT) today. The company’s shares closed yesterday at $23.42.

According to TipRanks.com, Conder is a 4-star analyst with an average return of 10.2% and a 65.3% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Harley-Davidson, and Malibu Boats.

Currently, the analyst consensus on MasterCraft Boat Holdings Inc is a Moderate Buy with an average price target of $43, implying an 83.6% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $43 price target.

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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.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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