Mayville Engineering Company, Inc. (MEC)
NYSE: MEC · Real-Time Price · USD
12.28
-0.12 (-0.97%)
Apr 17, 2025, 4:00 PM EDT - Market closed
MEC Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MEC stock have an average target of 20, with a low estimate of 16 and a high estimate of 24. The average target predicts an increase of 62.87% from the current stock price of 12.28.
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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $18 → $16 | Strong Buy | Maintains | $18 → $16 | +30.29% | Apr 14, 2025 |
| Citigroup | Citigroup | Strong Buy Maintains $22 → $18 | Strong Buy | Maintains | $22 → $18 | +46.58% | Mar 6, 2025 |
| Northland Capital Markets | Northland Capital Markets | Buy → Hold Downgrades $30 → $20 | Buy → Hold | Downgrades | $30 → $20 | +62.87% | Nov 7, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Reiterates $30 | Buy | Reiterates | $30 | +144.30% | Oct 8, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $20 → $30 | Buy | Maintains | $20 → $30 | +144.30% | Jun 14, 2024 |
Financial Forecast
Revenue This Year
576.63M
from 581.60M
Decreased by -0.86%
Revenue Next Year
631.31M
from 576.63M
Increased by 9.48%
EPS This Year
0.57
from 1.24
Decreased by -53.79%
EPS Next Year
1.18
from 0.57
Increased by 106.76%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 599.9M | 691.3M | 678.6M | ||
| Avg | 576.6M | 631.3M | 627.5M | ||
| Low | 559.2M | 594.7M | 584.4M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.1% | 19.9% | 7.5% | ||
| Avg | -0.9% | 9.5% | -0.6% | ||
| Low | -3.9% | 3.1% | -7.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.68 | 1.84 | 1.70 |
| Avg | 0.57 | 1.18 | 1.16 |
| Low | 0.45 | 0.71 | 0.67 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | -45.0% | 220.7% | 43.2% |
| Avg | -53.8% | 106.8% | -2.1% |
| Low | -63.6% | 23.1% | -43.8% |
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.