Mayville Engineering Company, Inc. (MEC)
NYSE: MEC · Real-Time Price · USD
20.95
-0.54 (-2.51%)
Nov 4, 2024, 4:01 PM EST - Market closed
MEC Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MEC stock have an average target of 24, with a low estimate of 18 and a high estimate of 30. The average target predicts an increase of 14.56% from the current stock price of 20.95.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MEC stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Northland Capital Markets | Northland Capital Markets | Buy Reiterates $30 | Buy | Reiterates | $30 | +43.20% | Oct 8, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $20 → $30 | Buy | Maintains | $20 → $30 | +43.20% | Jun 14, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +14.56% | May 8, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | -14.08% | Apr 8, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 | Strong Buy | Maintains | $22 | +5.01% | Mar 7, 2024 |
Financial Forecast
Revenue This Year
637.72M
from 588.43M
Increased by 8.38%
Revenue Next Year
669.15M
from 637.72M
Increased by 4.93%
EPS This Year
0.77
from 0.38
Increased by 102.00%
EPS Next Year
1.24
from 0.77
Increased by 61.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 670.0M | 708.0M | 715.7M | ||
| Avg | 637.7M | 669.2M | 682.8M | ||
| Low | 608.6M | 634.6M | 657.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.9% | 11.0% | 6.9% | ||
| Avg | 8.4% | 4.9% | 2.0% | ||
| Low | 3.4% | -0.5% | -1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.00 | 1.42 | 1.61 |
| Avg | 0.77 | 1.24 | 1.38 |
| Low | 0.61 | 0.95 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 162.5% | 84.7% | 29.9% |
| Avg | 102.0% | 61.4% | 11.0% |
| Low | 59.9% | 23.8% | -5.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.