B.Riley Financial Believes MasterCraft Boat Holdings (MCFT) Still Has Room to Grow


B.Riley Financial analyst Eric Wold maintained a Buy rating on MasterCraft Boat Holdings (MCFT) on October 23 and set a price target of $32.00. The company’s shares closed last Monday at $23.44, close to its 52-week high of $24.37.

According to TipRanks.com, Wold is a 2-star analyst with an average return of 0.9% and a 48.8% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and Cinemark Holdings.

Currently, the analyst consensus on MasterCraft Boat Holdings is a Strong Buy with an average price target of $25.88, implying an 8.6% upside from current levels. In a report issued on November 11, Raymond James also assigned a Buy rating to the stock with a $25.50 price target.

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The company has a one-year high of $24.37 and a one-year low of $4.90. Currently, MasterCraft Boat Holdings has an average volume of 239.6K.

Based on the recent corporate insider activity of 27 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, 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.

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