MasterCraft Boat Holdings (MCFT) Gets a Buy Rating from B.Riley FBR

By Carrie Williams

B.Riley FBR analyst Eric Wold maintained a Buy rating on MasterCraft Boat Holdings (MCFTResearch Report) today and set a price target of $29.00. The company’s shares closed last Monday at $17.46.

According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -3.3% and a 39.8% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MasterCraft Boat Holdings with a $22.00 average price target.

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Based on MasterCraft Boat Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.06 million. In comparison, last year the company had a net profit of $8.47 million.

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Mastercraft Boat Holdings, Inc. engages in the design, manufacture, and sale of boats. It operates through the MasterCraft, NauticStar, Crest segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities.