MAYVILLE ENGR C/SH (NYSE:MEC) Given $20.00 Consensus Target Price by Analysts
MAYVILLE ENGR C/SH (NYSE:MEC) has been assigned a consensus broker rating score of 1.40 (Strong Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company.
Brokers have set a 12 month consensus target price of $20.00 for the company and are forecasting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given MAYVILLE ENGR C/SH an industry rank of 192 out of 256 based on the ratings given to related companies.
Several brokerages have issued reports on MEC. William Blair began coverage on MAYVILLE ENGR C/SH in a research report on Monday, June 3rd. They issued an “outperform” rating for the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,000 ($39.20) target price on shares of in a research note on Monday, June 3rd. Citigroup raised Atara Biotherapeutics from a “sell” rating to a “neutral” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Monday, June 3rd. UBS Group lowered their target price on PVH from $159.00 to $144.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Finally, Robert W. Baird assumed coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating and a $19.00 target price for the company.
MEC traded up $0.17 during trading on Friday, hitting $14.52. The company’s stock had a trading volume of 4,169 shares, compared to its average volume of 120,578. The company’s 50 day moving average price is $14.92. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.84 and a current ratio of 1.45. MAYVILLE ENGR C/SH has a 12 month low of $11.95 and a 12 month high of $17.40.
MAYVILLE ENGR C/SH (NYSE:MEC) last issued its quarterly earnings data on Tuesday, May 28th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $143.73 million during the quarter. As a group, research analysts predict that MAYVILLE ENGR C/SH will post 1.08 EPS for the current fiscal year.
MAYVILLE ENGR C/SH Company Profile
There is no company description available for Mayville Engineering Company Inc
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