MasterCraft Boat Price Target Lowered to $30.00
September 13, 2022
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Mastercraft Boat Intrinsic Value – MASTERCRAFT($NASDAQ:MCFT): The price target for MasterCraft Boat was lowered by Robert W. Baird to $30.00. This could potentially affect the market and earnings for MasterCraft Boat in the long term.
Stock Price
On Monday, shares of MasterCraft Boat Company opened at $21.60 and closed at $22.00, up by 3.9% from previous closing price of $21.20. The company’s stock has been under pressure recently after it lowered its price target for the year.
VI Analysis – Mastercraft Boat Intrinsic Value
A company’s fundamentals are a reflection of its long-term potential. The below analysis on MASTERCRAFT BOAT’s fundamentals are made simple by VI app. The fair value of MASTERCRAFT BOAT share is around $30.0, calculated by VI Line. Now MASTERCRAFT BOAT stock is traded at $22.0, undervalued by 27%.
Summary
Piper Jaffray Companies currently has an overweight rating on the stock. A number of other equities research analysts have also recently issued reports on MCFT. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $30.00. The company’s revenue was up .4% compared to the same quarter last year. The ex-dividend date is Friday, November 22nd. MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, markets, and sells recreational powerboats worldwide. The company operates through four segments: North American Wholesale, International Wholesale, North American Retail, and International Retail. It offers ski and wakeboard boats under the MasterCraft brand; and fishing and utility boats under the NauticStar brand name. The company sells its products through independent dealers in North America and internationally; and company-owned retail stores in Tennessee and Florida, the United States, as well as through e-commerce site and showrooms in Europe and Australia.
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