Brokerages Set MCBC Holdings Inc (MCFT) PT at $37.17

MCBC Holdings Inc (NASDAQ:MCFT) has earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $37.71.

Several brokerages have recently weighed in on MCFT. Zacks Investment Research raised MCBC from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Wells Fargo & Co reissued an “outperform” rating and issued a $41.00 price target (up previously from $36.00) on shares of MCBC in a research note on Monday. They noted that the move was a valuation call. BidaskClub cut MCBC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Raymond James increased their price target on MCBC from $36.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday. Finally, SunTrust Banks reissued a “hold” rating and issued a $26.00 price target on shares of MCBC in a research note on Friday, July 20th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in MCBC by 4.9% in the second quarter. Northern Trust Corp now owns 208,781 shares of the company’s stock worth $6,044,000 after acquiring an additional 9,736 shares in the last quarter. Millennium Management LLC boosted its holdings in MCBC by 18.1% in the second quarter. Millennium Management LLC now owns 464,076 shares of the company’s stock worth $13,435,000 after acquiring an additional 71,031 shares in the last quarter. Capital Fund Management S.A. bought a new position in MCBC in the second quarter worth approximately $208,000. Voya Investment Management LLC bought a new position in MCBC in the second quarter worth approximately $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of MCBC in the second quarter valued at approximately $340,000. 93.79% of the stock is owned by institutional investors and hedge funds.

MCBC stock opened at $36.90 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.73 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $691.00 million, a price-to-earnings ratio of 18.18, a PEG ratio of 1.03 and a beta of 1.09. MCBC has a 12 month low of $18.33 and a 12 month high of $39.50.

MCBC (NASDAQ:MCFT) last posted its earnings results on Thursday, September 6th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.51 by $0.15. The firm had revenue of $95.43 million during the quarter, compared to the consensus estimate of $89.29 million. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The business’s quarterly revenue was up 63.6% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. research analysts anticipate that MCBC will post 2.4 EPS for the current year.

MCBC Company Profile

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Analyst Recommendations for MCBC (NASDAQ:MCFT)

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