Mayville Engineering Company, Inc. (MEC)
NYSE: MEC · IEX Real-Time Price · USD
18.63
+0.10 (0.54%)
At close: Jul 19, 2024, 4:00 PM
11.56
-7.07 (-37.93%)
After-hours: Jul 20, 2024, 1:23 PM EDT
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 28.82% from the current stock price of 18.63.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 14, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $20 → $30 | Buy | Maintains | $20 → $30 | +61.03% | Jun 14, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +28.82% | May 8, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | -3.38% | Apr 8, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 | Strong Buy | Maintains | $22 | +18.09% | Mar 7, 2024 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +23.46% | Aug 21, 2023 |
Financial Forecast
Revenue This Year
638.40M
from 588.43M
Increased by 8.49%
Revenue Next Year
680.94M
from 638.40M
Increased by 6.66%
EPS This Year
0.75
from 0.38
Increased by 96.68%
EPS Next Year
1.32
from 0.75
Increased by 76.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 671.4M | 740.4M | 715.7M | 732.2M | 749.7M |
| Avg | 638.4M | 680.9M | 688.1M | 704.3M | 721.2M |
| Low | 610.5M | 642.3M | 667.4M | 683.4M | 699.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.1% | 16.0% | 5.1% | 6.4% | 6.5% |
| Avg | 8.5% | 6.7% | 1.1% | 2.3% | 2.4% |
| Low | 3.8% | 0.6% | -2.0% | -0.7% | -0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.91 | 1.55 | 1.61 |
| Avg | 0.75 | 1.32 | 1.45 |
| Low | 0.61 | 1.05 | 1.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 140.4% | 107.9% | 21.6% |
| Avg | 96.7% | 76.9% | 9.6% |
| Low | 59.9% | 40.3% | -0.7% |
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.