Could MCBC Holdings, Inc. (MCFT) Lose its Strength? The Stock Reaches 52-Week High

May 20, 2018 - By Louis Casey

MCBC Holdings, Inc. (NASDAQ:MCFT) Logo

The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) hit a new 52-week high and has $33.19 target or 8.00 % above today’s $30.73 share price. The 6 months bullish chart indicates low risk for the $574.01M company. The 1-year high was reported on May, 20 by Barchart.com. If the $33.19 price target is reached, the company will be worth $45.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.68% or $0.21 during the last trading session, reaching $30.73. About 243,964 shares traded or 47.94% up from the average. MCBC Holdings, Inc. (NASDAQ:MCFT) has risen 59.74% since May 20, 2017 and is uptrending. It has outperformed by 48.19% the S&P500.

Analysts await MCBC Holdings, Inc. (NASDAQ:MCFT) to report earnings on September, 6. They expect $0.50 EPS, up 47.06 % or $0.16 from last year’s $0.34 per share. MCFT’s profit will be $9.34M for 15.37 P/E if the $0.50 EPS becomes a reality. After $0.54 actual EPS reported by MCBC Holdings, Inc. for the previous quarter, Wall Street now forecasts -7.41 % negative EPS growth.

MCBC Holdings, Inc. (NASDAQ:MCFT) Ratings Coverage

Among 4 analysts covering MCBC Holdings (NASDAQ:MCFT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MCBC Holdings had 8 analyst reports since December 18, 2017 according to SRatingsIntel. FBR Capital maintained the shares of MCFT in report on Friday, May 11 with “Buy” rating. SunTrust maintained it with “Hold” rating and $24.0 target in Thursday, February 8 report. The rating was maintained by B. Riley & Co with “Buy” on Friday, February 9. FBR Capital maintained it with “Buy” rating and $29.25 target in Friday, February 9 report. FBR Capital maintained MCBC Holdings, Inc. (NASDAQ:MCFT) on Monday, December 18 with “Buy” rating. The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) earned “Buy” rating by Robert W. Baird on Thursday, February 8. The stock has “Buy” rating by FBR Capital on Monday, January 29. The firm earned “Hold” rating on Friday, January 12 by SunTrust.

More recent MCBC Holdings, Inc. (NASDAQ:MCFT) news were published by: Benzinga.com which released: “38 Stocks Moving In Friday’s Mid-Day Session” on May 11, 2018. Also Streetinsider.com published the news titled: “MasterCraft (MCFT) Tops Q3 EPS by 9c, Beats on Revenues” on May 10, 2018. Seekingalpha.com‘s news article titled: “MCBC Holdings’ (MCFT) CEO Terry McNew on Q3 2018 Results – Earnings Call Transcript” with publication date: May 11, 2018 was also an interesting one.

MCBC Holdings, Inc., through its subsidiaries, innovates, designs, makes, and markets recreational sport boats in North America and internationally. The company has market cap of $574.01 million. The firm offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. It has a 24.22 P/E ratio. It distributes its recreational performance sport boats under the MasterCraft brand name.

MCBC Holdings, Inc. (NASDAQ:MCFT) Ratings Chart

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