Mayville Engineering Company, Inc. (MEC)
NYSE: MEC · Real-Time Price · USD
16.54
+0.22 (1.35%)
Nov 21, 2024, 2:38 PM EST - Market open
MEC Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MEC stock have an average target of 20.67, with a low estimate of 18 and a high estimate of 24. The average target predicts an increase of 24.97% from the current stock price of 16.54.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 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 |
|---|---|---|---|---|---|---|---|
| Northland Capital Markets | Northland Capital Markets | Buy → Hold Downgrades $30 → $20 | Buy → Hold | Downgrades | $30 → $20 | +20.92% | Nov 7, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Reiterates $30 | Buy | Reiterates | $30 | +81.38% | Oct 8, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Maintains $20 → $30 | Buy | Maintains | $20 → $30 | +81.38% | Jun 14, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +45.10% | May 8, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | +8.83% | Apr 8, 2024 |
Financial Forecast
Revenue This Year
590.42M
from 588.43M
Increased by 0.34%
Revenue Next Year
594.74M
from 590.42M
Increased by 0.73%
EPS This Year
0.42
from 0.38
Increased by 9.86%
EPS Next Year
0.71
from 0.42
Increased by 70.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 614.6M | 678.5M | 657.8M | ||
| Avg | 590.4M | 594.7M | 623.1M | ||
| Low | 572.0M | 532.2M | 589.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.4% | 14.9% | 10.6% | ||
| Avg | 0.3% | 0.7% | 4.8% | ||
| Low | -2.8% | -9.9% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.64 | 1.32 | 1.47 |
| Avg | 0.42 | 0.71 | 1.05 |
| Low | 0.30 | 0.32 | 0.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 68.6% | 216.9% | 106.2% |
| Avg | 9.9% | 70.7% | 46.6% |
| Low | -20.1% | -22.5% | -28.5% |
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.