B.Riley Financial analyst Eric Wold reiterated a Buy rating on MasterCraft Boat Holdings (MCFT) today and set a price target of $40.00. The company’s shares closed last Wednesday at $29.65, close to its 52-week high of $32.25.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 27.3% and a 62.1% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasterCraft Boat Holdings with a $36.33 average price target.
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Based on MasterCraft Boat Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $119 million and net profit of $12.5 million. In comparison, last year the company earned revenue of $99.63 million and had a net profit of $6.88 million.
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Mastercraft Boat Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft, NauticStar, Crest segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities. The NauticStar segment includes recreational boats primarily used for salt water fishing, and general recreational boating. The Crest segment produces pontoon boats and are primarily used for general recreational boating. The company was founded in 1968 and is headquartered in Vonore, TN.
