Mayville Engineering Company, Inc. (MEC)
NYSE: MEC · IEX Real-Time Price · USD
13.61
-0.21 (-1.52%)
Apr 24, 2024, 4:00 PM EDT - Market closed
MEC Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for MEC stock have an average target of 18.5, with a low estimate of 14 and a high estimate of 22. The average target predicts an increase of 35.93% from the current stock price of 13.61.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MEC stock from 4 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $17 → $18 | Strong Buy | Maintains | $17 → $18 | +32.26% | Apr 8, 2024 |
| EF Hutton | EF Hutton | Strong Buy Maintains $22 | Strong Buy | Maintains | $22 | +61.65% | Mar 7, 2024 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +68.99% | Aug 21, 2023 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +68.99% | Aug 16, 2023 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +68.99% | Aug 3, 2023 |
Financial Forecast
Revenue This Year
636.52M
from 588.43M
Increased by 8.17%
Revenue Next Year
680.08M
from 636.52M
Increased by 6.84%
EPS This Year
0.77
from 0.38
Increased by 103.46%
EPS Next Year
1.28
from 0.77
Increased by 65.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 667.4M | 729.1M | 716.2M | 736.6M | 754.5M |
| Avg | 636.5M | 680.1M | 688.6M | 708.5M | 725.8M |
| Low | 614.1M | 642.1M | 667.8M | 687.5M | 704.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.4% | 14.5% | 5.3% | 7.0% | 6.5% |
| Avg | 8.2% | 6.8% | 1.2% | 2.9% | 2.4% |
| Low | 4.4% | 0.9% | -1.8% | -0.2% | -0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.92 | 1.42 | 1.57 |
| Avg | 0.77 | 1.28 | 1.47 |
| Low | 0.65 | 1.14 | 1.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 140.9% | 83.3% | 22.7% |
| Avg | 103.5% | 65.8% | 14.5% |
| Low | 70.2% | 47.0% | 7.8% |
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.