Texas Capital has commenced coverage of MasterCraft Boat Holdings (MCFT, Financial), assigning a Hold rating to the stock. The firm's analysis sets a price target of $17, expressing caution over the company's current inventory management challenges.
The primary reason for the Hold rating is the necessity for MasterCraft to continue clearing out its existing channel inventory, which could prolong the timeline for a significant resumption of production. Additionally, there are concerns that the pontoon boat segment may continue to negatively impact the company's financial performance. These factors contribute to Texas Capital's cautious stance on the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for MasterCraft Boat Holdings Inc (MCFT, Financial) is $21.40 with a high estimate of $24.00 and a low estimate of $19.00. The average target implies an upside of 35.44% from the current price of $15.80. More detailed estimate data can be found on the MasterCraft Boat Holdings Inc (MCFT) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, MasterCraft Boat Holdings Inc's (MCFT, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MasterCraft Boat Holdings Inc (MCFT, Financial) in one year is $15.43, suggesting a downside of 2.34% from the current price of $15.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MasterCraft Boat Holdings Inc (MCFT) Summary page.
