Brokerages Set $20.00 Price Target for MAYVILLE ENGR C/SH (NYSE:MEC)

Shares of MAYVILLE ENGR C/SH (NYSE:MEC) have been assigned a consensus broker rating score of 1.40 (Strong Buy) from the five brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company.

Brokers have set a one year consensus price objective of $20.00 for the company and are forecasting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given MAYVILLE ENGR C/SH an industry rank of 238 out of 256 based on the ratings given to related companies.

MEC has been the topic of a number of recent research reports. William Blair initiated coverage on MAYVILLE ENGR C/SH in a research report on Monday, June 3rd. They issued an “outperform” rating on the stock. Jefferies Financial Group began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They set a “buy” rating on the stock. UBS Group began coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “neutral” rating and a $17.00 target price for the company. Citigroup started coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “buy” rating for the company. Finally, Robert W. Baird started coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They issued an “outperform” rating and a $19.00 price objective for the company.

NYSE MEC opened at $11.82 on Tuesday. MAYVILLE ENGR C/SH has a twelve month low of $11.64 and a twelve month high of $17.40. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.69. The business’s 50-day simple moving average is $14.34.

MAYVILLE ENGR C/SH (NYSE:MEC) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.18 EPS for the quarter. The firm had revenue of $143.73 million during the quarter. As a group, analysts expect that MAYVILLE ENGR C/SH will post 1.2 EPS for the current year.

In other MAYVILLE ENGR C/SH news, CFO Todd M. Butz acquired 5,474 shares of MAYVILLE ENGR C/SH stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $13.10 per share, with a total value of $71,709.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy L. Christen bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of $12.92 per share, for a total transaction of $96,900.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 54,434 shares of company stock valued at $730,549.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. bought a new position in shares of MAYVILLE ENGR C/SH during the 2nd quarter valued at approximately $727,000. FNY Investment Advisers LLC bought a new position in shares of MAYVILLE ENGR C/SH during the 2nd quarter valued at $59,000. Skylands Capital LLC bought a new stake in MAYVILLE ENGR C/SH in the 2nd quarter worth $1,422,000. Roubaix Capital LLC bought a new stake in MAYVILLE ENGR C/SH in the 2nd quarter worth $1,881,000. Finally, Wells Fargo & Company MN bought a new stake in MAYVILLE ENGR C/SH in the 2nd quarter worth $12,978,000. Institutional investors own 0.79% of the company’s stock.

About MAYVILLE ENGR C/SH

There is no company description available for Mayville Engineering Company Inc

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Analyst Recommendations for MAYVILLE ENGR C/SH (NYSE:MEC)

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