Mayville Engineering (MEC) Stock Forecast, Price Target & Predictions
MEC Stock Forecast
Mayville Engineering stock forecast is as follows: an average price target of $24.00 (represents a 30.65% upside from MEC’s last price of $18.37) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
MEC Price Target
The average price target for Mayville Engineering (MEC) is $24.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $24.00. This represents a potential 30.65% upside from MEC's last price of $18.37.
MEC Analyst Ratings
According to 3 Wall Street analysts, Mayville Engineering's rating consensus is 'Buy'. The analyst rating breakdown for MEC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Mayville Engineering Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Andrew Kaplowitz | Citigroup | $24.00 | $18.96 | 26.58% | 30.65% |
| Dec 09, 2022 | - | Citigroup | $18.00 | $12.93 | 39.21% | -2.01% |
The latest Mayville Engineering stock forecast, released on Aug 08, 2024 by Andrew Kaplowitz from Citigroup, set a price target of $24.00, which represents a 26.58% increase from the stock price at the time of the forecast ($18.96), and a 30.65% increase from MEC last price ($18.37).
Mayville Engineering Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $24.00 | $24.00 | $24.00 |
| Last Closing Price | $18.37 | $18.37 | $18.37 |
| Upside/Downside | 30.65% | 30.65% | 30.65% |
In the current month, the average price target of Mayville Engineering stock is $24.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 30.65% increase as opposed to Mayville Engineering's last price of $18.37. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 08, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 26, 2023 | EF Hutton | - | Buy | Initialise |
| Dec 09, 2022 | Citigroup | Buy | Buy | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
Mayville Engineering's last stock rating was published by Citigroup on Aug 08, 2024. The company gave MEC a "Buy" rating, the same as its previous rate.
Mayville Engineering Financial Forecast
Mayville Engineering Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $148.58M | $158.22M | $138.98M | $142.65M | $128.53M | $136.28M | - | $136.25M | $112.97M | $109.02M | $120.21M | $112.62M | $95.34M | $91.08M | $62.58M | $108.61M | $102.33M | $128.51M | $145.13M |
| Avg Forecast | $158.30M | $169.30M | $169.26M | $165.64M | $148.97M | $157.56M | $159.12M | $160.45M | $152.31M | $159.92M | $145.37M | $140.23M | $123.72M | $128.24M | $138.21M | $122.58M | $109.59M | $119.53M | $122.10M | $108.88M | $91.63M | $91.81M | $76.51M | $112.88M | $100.05M | $140.08M | $144.74M |
| High Forecast | $163.01M | $174.34M | $174.30M | $170.57M | $153.40M | $161.13M | $163.85M | $165.22M | $155.50M | $164.68M | $149.69M | $144.40M | $127.40M | $132.06M | $138.21M | $125.71M | $112.39M | $122.58M | $125.22M | $111.66M | $93.97M | $94.15M | $78.46M | $115.76M | $102.60M | $143.65M | $148.43M |
| Low Forecast | $154.14M | $164.85M | $164.81M | $161.29M | $145.05M | $153.98M | $154.94M | $156.23M | $149.12M | $155.72M | $141.55M | $136.55M | $120.47M | $124.87M | $138.21M | $120.68M | $107.89M | $117.68M | $120.21M | $107.19M | $90.21M | $90.38M | $75.32M | $111.13M | $98.50M | $137.91M | $142.49M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | 0.98% | 0.99% | 0.96% | 1.02% | 1.04% | 1.06% | - | 1.11% | 1.03% | 0.91% | 0.98% | 1.03% | 1.04% | 0.99% | 0.82% | 0.96% | 1.02% | 0.92% | 1.00% |
Mayville Engineering's average Quarter revenue forecast for Mar 24 based on 1 analysts is $160.45M, with a low forecast of $156.23M, and a high forecast of $165.22M. MEC's average Quarter revenue forecast represents a 7.99% increase compared to the company's last Quarter revenue of $148.58M (Dec 23).
Mayville Engineering EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | $5.35M | $5.89M | $4.27M | $12.55M | $10.56M | $8.92M | - | $11.59M | $-8.89M | $8.82M | $12.64M | $11.82M | $8.31M | $8.18M | $-743.00K | $9.85M | $3.74M | $21.54M | $-8.10M |
| Avg Forecast | $12.64M | $13.52M | $13.51M | $13.22M | $11.89M | $12.58M | $12.70M | $12.10M | $12.16M | $12.77M | $11.61M | $9.57M | $9.88M | $16.93M | $11.03M | $7.56M | $8.75M | $15.39M | $16.49M | $9.45M | $7.32M | $6.13M | $-390.88K | $18.18M | $5.04M | $11.11M | $-38.28M |
| High Forecast | $13.01M | $13.92M | $13.92M | $13.62M | $12.25M | $12.86M | $13.08M | $14.52M | $12.41M | $13.15M | $11.95M | $11.48M | $10.17M | $20.31M | $11.03M | $9.08M | $8.97M | $18.47M | $19.79M | $11.34M | $7.50M | $7.36M | $-312.71K | $21.81M | $6.05M | $13.33M | $-30.62M |
| Low Forecast | $12.31M | $13.16M | $13.16M | $12.88M | $11.58M | $12.29M | $12.37M | $9.68M | $11.90M | $12.43M | $11.30M | $7.65M | $9.62M | $13.54M | $11.03M | $6.05M | $8.61M | $12.31M | $13.19M | $7.56M | $7.20M | $4.91M | $-469.06K | $14.54M | $4.03M | $8.89M | $-45.93M |
| Surprise % | - | - | - | - | - | - | - | - | 0.44% | 0.46% | 0.37% | 1.31% | 1.07% | 0.53% | - | 1.53% | -1.02% | 0.57% | 0.77% | 1.25% | 1.14% | 1.33% | 1.90% | 0.54% | 0.74% | 1.94% | 0.21% |
1 analysts predict MEC's average Quarter EBITDA for Mar 24 to be $12.10M, with a high of $14.52M and a low of $9.68M. This is 126.07% upper than Mayville Engineering's previous annual EBITDA (Dec 23) of $5.35M.
Mayville Engineering Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | $2.23M | $1.43M | $1.61M | $2.57M | $2.38M | $6.60M | - | $3.82M | $-13.56M | $275.00K | $3.29M | $2.54M | $972.00K | $-1.10M | $-7.01M | $50.00K | $-1.67M | $9.75M | $-15.28M |
| Avg Forecast | $7.78M | $8.20M | $7.61M | $6.84M | $4.39M | $5.13M | $4.63M | $3.62M | $3.59M | $5.20M | $3.99M | $2.86M | $2.81M | $527.48K | $6.38M | $2.26M | $540.05K | $479.53K | $4.29M | $2.04M | $206.22K | $-825.00K | $-3.69M | $92.30K | $-2.26M | $5.03M | $-72.22M |
| High Forecast | $8.08M | $8.52M | $7.90M | $7.11M | $4.56M | $5.94M | $4.81M | $4.35M | $3.73M | $5.40M | $4.14M | $3.44M | $2.92M | $632.98K | $6.38M | $2.72M | $557.98K | $575.44K | $5.15M | $2.44M | $213.06K | $-660.00K | $-2.95M | $110.76K | $-1.81M | $6.03M | $-57.77M |
| Low Forecast | $7.52M | $7.92M | $7.35M | $6.61M | $4.24M | $4.05M | $4.47M | $2.90M | $3.47M | $5.02M | $3.85M | $2.29M | $2.71M | $421.99K | $6.38M | $1.81M | $529.17K | $383.63K | $3.44M | $1.63M | $202.06K | $-990.00K | $-4.43M | $73.84K | $-2.71M | $4.02M | $-86.66M |
| Surprise % | - | - | - | - | - | - | - | - | 0.62% | 0.28% | 0.40% | 0.90% | 0.85% | 12.50% | - | 1.69% | -25.11% | 0.57% | 0.77% | 1.25% | 4.71% | 1.33% | 1.90% | 0.54% | 0.74% | 1.94% | 0.21% |
Mayville Engineering's average Quarter net income forecast for Mar 24 is $3.62M, with a range of $2.90M to $4.35M. MEC's average Quarter net income forecast represents a 62.67% increase compared to the company's last Quarter net income of $2.23M (Dec 23).
Mayville Engineering SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | $7.21M | $8.61M | $7.40M | $9.97M | $8.45M | $6.55M | - | $8.76M | $7.71M | $7.37M | $8.80M | $8.03M | $7.84M | $6.78M | $5.07M | $10.28M | $8.65M | $10.92M | $37.19M |
| Avg Forecast | $12.14M | $12.98M | $12.98M | $12.70M | $11.42M | $12.08M | $12.20M | $8.31M | $11.68M | $12.27M | $11.15M | $6.57M | $9.49M | $14.13M | $10.60M | $5.19M | $8.40M | $12.85M | $11.48M | $6.43M | $7.03M | $5.08M | $2.67M | $18.97M | $11.67M | $5.63M | $11.10M |
| High Forecast | $12.50M | $13.37M | $13.37M | $13.08M | $11.76M | $12.36M | $12.57M | $9.97M | $11.93M | $12.63M | $11.48M | $7.88M | $9.77M | $16.96M | $10.60M | $6.23M | $8.62M | $15.42M | $13.77M | $7.71M | $7.21M | $6.10M | $3.20M | $22.76M | $14.01M | $6.76M | $11.38M |
| Low Forecast | $11.82M | $12.64M | $12.64M | $12.37M | $11.12M | $11.81M | $11.88M | $6.64M | $11.44M | $11.94M | $10.86M | $5.25M | $9.24M | $11.31M | $10.60M | $4.15M | $8.27M | $10.28M | $9.18M | $5.14M | $6.92M | $4.07M | $2.13M | $15.18M | $9.34M | $4.51M | $10.93M |
| Surprise % | - | - | - | - | - | - | - | - | 0.62% | 0.70% | 0.66% | 1.52% | 0.89% | 0.46% | - | 1.69% | 0.92% | 0.57% | 0.77% | 1.25% | 1.12% | 1.33% | 1.90% | 0.54% | 0.74% | 1.94% | 3.35% |
Mayville Engineering's average Quarter SG&A projection for Mar 24 is $8.31M, based on 1 Wall Street analysts, with a range of $6.64M to $9.97M. The forecast indicates a 15.15% rise compared to MEC last annual SG&A of $7.21M (Dec 23).
Mayville Engineering EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | $0.11 | $0.07 | $0.08 | $0.13 | $0.12 | $0.32 | - | $0.19 | $-0.66 | $0.01 | $0.16 | $0.13 | $0.05 | $-0.05 | $-0.35 | - | $-0.08 | $0.49 | $-0.91 |
| Avg Forecast | $0.37 | $0.39 | $0.36 | $0.33 | $0.21 | $0.24 | $0.22 | $0.17 | $0.17 | $0.25 | $0.19 | $0.21 | $0.13 | $0.21 | $0.31 | $0.13 | $0.03 | $0.13 | $0.20 | $0.10 | $0.01 | $-0.04 | $-0.23 | $-0.00 | $-0.14 | $0.30 | $-0.15 |
| High Forecast | $0.38 | $0.41 | $0.38 | $0.34 | $0.22 | $0.28 | $0.23 | $0.18 | $0.18 | $0.26 | $0.20 | $0.22 | $0.14 | $0.22 | $0.31 | $0.14 | $0.03 | $0.13 | $0.21 | $0.10 | $0.01 | $-0.04 | $-0.23 | $-0.00 | $-0.14 | $0.31 | $-0.14 |
| Low Forecast | $0.36 | $0.38 | $0.35 | $0.31 | $0.20 | $0.19 | $0.21 | $0.17 | $0.16 | $0.24 | $0.18 | $0.20 | $0.13 | $0.20 | $0.31 | $0.13 | $0.03 | $0.12 | $0.20 | $0.09 | $0.01 | $-0.04 | $-0.24 | $-0.00 | $-0.15 | $0.29 | $-0.15 |
| Surprise % | - | - | - | - | - | - | - | - | 0.64% | 0.28% | 0.42% | 0.61% | 0.90% | 1.52% | - | 1.44% | -25.27% | 0.08% | 0.80% | 1.34% | 5.01% | 1.16% | 1.50% | -1.87% | 0.56% | 1.64% | 6.24% |
According to 1 Wall Street analysts, Mayville Engineering's projected average Quarter EPS for Mar 24 is $0.17, with a low estimate of $0.17 and a high estimate of $0.18. This represents a 58.25% increase compared to MEC previous annual EPS of $0.11 (Dec 23).
Mayville Engineering Peer Comparison by Price Target
MEC Forecast FAQ
Is Mayville Engineering a good buy?
Yes, according to 3 Wall Street analysts, Mayville Engineering (MEC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of MEC's total ratings.
What is MEC's price target?
Mayville Engineering (MEC) average price target is $24 with a range of $24 to $24, implying a 30.65% from its last price of $18.37. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Mayville Engineering stock go up soon?
According to Wall Street analysts' prediction for MEC stock, the company can go up by 30.65% (from the last price of $18.37 to the average price target of $24), up by 30.65% based on the highest stock price target, and up by 30.65% based on the lowest stock price target.
Can Mayville Engineering stock reach $30?
MEC's average twelve months analyst stock price target of $24 does not support the claim that Mayville Engineering can reach $30 in the near future.
What is Mayville Engineering's current price target trend?
1 Wall Street analyst forecast a $24 price target for Mayville Engineering (MEC) this month, up 30.65% from its last price of $18.37. Compared to the last 3 and 12 months, the average price target increased by 30.65% and increased by 30.65%, respectively.
What are Mayville Engineering's analysts' financial forecasts?
Mayville Engineering's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $626.09M (high $643.6M, low $610.21M), average EBITDA is $49.28M (high $52.72M, low $45.93M), average net income is $17.78M (high $19.66M, low $15.67M), average SG&A $44.02M (high $46.66M, low $41.46M), and average EPS is $0.847 (high $0.909, low $0.775). MEC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $662.5M (high $682.21M, low $645.1M), average EBITDA is $52.89M (high $54.47M, low $51.5M), average net income is $30.43M (high $31.61M, low $29.4M), average SG&A $50.81M (high $52.32M, low $49.48M), and average EPS is $1.45 (high $1.5, low $1.4).
Did the MEC's actual financial results beat the analysts' financial forecasts?
Based on Mayville Engineering's last annual report (Dec 2023), the company's revenue was $588.42M, which missed the average analysts forecast of $597.83M by -1.57%. Apple's EBITDA was $20.19M, missing the average prediction of $46.1M by -56.20%. The company's net income was $7.84M, missing the average estimation of $15.64M by -49.84%. Apple's SG&A was $30.18M, missing the average forecast of $41.66M by -27.55%. Lastly, the company's EPS was $0.38, missing the average prediction of $0.819 by -53.59%. In terms of the last quarterly report (Dec 2023), Mayville Engineering's revenue was $148.58M, missing the average analysts' forecast of $152.31M by -2.45%. The company's EBITDA was $5.35M, missing the average prediction of $12.16M by -55.97%. Mayville Engineering's net income was $2.23M, missing the average estimation of $3.59M by -37.97%. The company's SG&A was $7.21M, missing the average forecast of $11.68M by -38.25%. Lastly, the company's EPS was $0.11, missing the average prediction of $0.171 by -35.56%