Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.40.

Several equities analysts have recently commented on MCFT shares. Robert W. Baird set a $30.00 price target on Mastercraft Boat in a research note on Friday, May 8th. Truist Financial boosted their price objective on shares of Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 6th. Weiss Ratings raised shares of Mastercraft Boat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th.

View Our Latest Report on MCFT

Hedge Funds Weigh In On Mastercraft Boat

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in Mastercraft Boat in the 4th quarter valued at approximately $42,000. Legal & General Group Plc purchased a new stake in Mastercraft Boat in the second quarter valued at approximately $46,000. State of Wyoming acquired a new position in Mastercraft Boat during the second quarter worth $61,000. Kemnay Advisory Services Inc. acquired a new position in Mastercraft Boat during the fourth quarter worth $63,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Mastercraft Boat during the second quarter worth $79,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Stock Performance

MCFT stock opened at $24.98 on Monday. Mastercraft Boat has a one year low of $17.19 and a one year high of $28.44. The firm has a market cap of $406.67 million, a PE ratio of 36.74 and a beta of 1.06. The firm’s 50 day moving average price is $24.17 and its 200-day moving average price is $23.05.

About Mastercraft Boat

(Get Free Report)

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.

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Analyst Recommendations for Mastercraft Boat (NASDAQ:MCFT)

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