Will MCBC Holdings, Inc. (MCFT) Run Out of Steam Soon?

May 16, 2018 - By Cecil Scoggins

MCBC Holdings, Inc. (NASDAQ:MCFT) Logo

The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) hit a new 52-week high and has $32.82 target or 8.00 % above today’s $30.39 share price. The 9 months bullish chart indicates low risk for the $567.66 million company. The 1-year high was reported on May, 16 by Barchart.com. If the $32.82 price target is reached, the company will be worth $45.41M 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 increased 4.97% or $1.44 during the last trading session, reaching $30.39. About 250,469 shares traded or 57.15% up from the average. MCBC Holdings, Inc. (NASDAQ:MCFT) has risen 59.74% since May 16, 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 15.20 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 has $33.5000 highest and $23.0 lowest target. $28.94’s average target is -4.77% below currents $30.39 stock price. MCBC Holdings had 8 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) earned “Buy” rating by B. Riley & Co on Friday, February 9. The rating was maintained by Robert W. Baird with “Buy” on Thursday, February 8. SunTrust maintained MCBC Holdings, Inc. (NASDAQ:MCFT) on Friday, January 12 with “Hold” rating. FBR Capital maintained the stock with “Buy” rating in Friday, May 11 report. FBR Capital maintained the shares of MCFT in report on Monday, December 18 with “Buy” rating. SunTrust maintained it with “Hold” rating and $24.0 target in Thursday, February 8 report. The rating was maintained by FBR Capital with “Buy” on Friday, February 9. As per Monday, January 29, the company rating was maintained by FBR Capital.

More notable recent MCBC Holdings, Inc. (NASDAQ:MCFT) news were published by: Seekingalpha.com which released: “MCBC Holdings’ (MCFT) CEO Terry McNew on Q3 2018 Results – Earnings Call Transcript” on May 11, 2018, also Globenewswire.com with their article: “Research Report Identifies MCBC, Tompkins Financial, RBC Bearings, REX American Resources, United States Lime …” published on May 01, 2018, Benzinga.com published: “38 Stocks Moving In Friday’s Mid-Day Session” on May 11, 2018. More interesting news about MCBC Holdings, Inc. (NASDAQ:MCFT) were released by: Benzinga.com and their article: “50 Biggest Movers From Friday” published on May 14, 2018 as well as Nasdaq.com‘s news article titled: “MCBC Holdings to Webcast Fiscal 2018 Third-Quarter Earnings Conference Call Thursday, May 10” with publication date: April 18, 2018.

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 $567.66 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 23.95 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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