​

Mayville Engineering (MEC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MEC Stock Forecast

Mayville Engineering (MEC) stock forecast, based on 3 Wall Street analysts, predicts a 12-month average price target of $24.00, with a high of $24.00 and a low of $24.00. This represents a 51.90% increase from the last price of $15.80.

$10 $13 $16 $19 $22 $25 High: $24 Avg: $24 Low: $24 Last Closed Price: $15.8

MEC Stock Rating

Mayville Engineering stock's rating consensus is Buy, based on 3 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (66.67%), 1 Hold (33.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 3 1 2 0 Strong Sell Sell Hold Buy Strong Buy

MEC Forecast vs Benchmarks

TypeNameUpside
StockMayville Engineering51.90%
SectorIndustrials Stocks 15.95%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$24.00
Last Closing Price$15.80$15.80$15.80
Upside/Downside--51.90%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-21--3
Dec, 24-22--4
Nov, 24232--7
Oct, 24231--6
Sep, 24231--6
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Andrew KaplowitzCitigroup$24.00$18.9626.58%51.90%
Dec 09, 2022Citigroup$18.00$12.9339.21%13.92%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Aug 08, 2024CitigroupBuyBuyhold
Apr 08, 2024CitigroupBuyBuyhold
Apr 26, 2023EF HuttonBuyinitialise
Dec 09, 2022CitigroupBuyBuyhold
Apr 26, 2022Zacks Investment ResearchHoldupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.36$-0.36$0.92$0.38-----
Avg Forecast$-0.26$0.41$1.03$0.74$0.61$1.04$1.18$1.24$1.61
High Forecast$-0.27$0.40$0.98$0.69$0.59$0.43$1.11$1.16$1.51
Low Forecast$-0.26$0.42$1.08$0.80$0.66$1.64$1.28$1.34$1.74
Surprise %38.46%-187.80%-10.68%-48.65%-----

Revenue Forecast

$300M $370M $440M $510M $580M $650M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$357.61M$454.83M$539.39M$588.42M-----
Avg Forecast$353.88M$452.13M$532.03M$592.14M$584.41M$604.12M$613.73M$593.69M$601.46M
High Forecast$347.50M$443.99M$514.76M$588.87M$583.92M$571.33M$613.73M$565.56M$572.96M
Low Forecast$359.30M$459.06M$554.55M$595.41M$584.90M$636.89M$613.73M$630.43M$638.68M
Surprise %1.05%0.60%1.38%-0.63%-----

Net Income Forecast

$-10M $0 $10M $20M $30M $40M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-7.09M$-7.45M$18.73M$7.84M-----
Avg Forecast$-5.42M$8.53M$6.99M$7.84M$12.98M$16.72M$24.73M$25.91M$33.33M
High Forecast$-5.53M$8.33M$4.75M$5.37M$12.27M$8.89M$22.99M$24.09M$31.27M
Low Forecast$-5.30M$8.70M$9.23M$10.32M$13.69M$33.95M$26.47M$27.73M$36.01M
Surprise %30.77%-187.36%167.92%------

MEC Forecast FAQ

Is Mayville Engineering stock a buy?

Mayville Engineering stock has a consensus rating of Buy, based on 3 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Mayville Engineering is a favorable investment for most analysts.

What is Mayville Engineering's price target?

Mayville Engineering's price target, set by 3 Wall Street analysts, averages $24 over the next 12 months. The price target range spans from $24 at the low end to $24 at the high end, suggesting a potential 51.90% change from the previous close price of $15.8.

How does Mayville Engineering stock forecast compare to the average forecast of its sector, industry, and investment themes?

Mayville Engineering stock forecast shows a 51.90% upside, outperforming the average forecast for the industrials stocks sector (15.95%).

What is the breakdown of analyst ratings for Mayville Engineering over the past three months?

  • January 2025: 0% Strong Buy, 66.67% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 50.00% Buy, 50.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 28.57% Strong Buy, 42.86% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.

What is Mayville Engineering’s EPS forecast?

Mayville Engineering's average annual EPS forecast for its fiscal year ending in December is 0.61 for 2024, a 60.53% increase from the reported $0.38 in 2023. The prediction for 2025 is $1.04, $1.18 for 2026, $1.24 for 2027, and $1.61 for 2028.

What is Mayville Engineering’s revenue forecast?

Mayville Engineering's average annual revenue forecast for its fiscal year ending in December is $584.41M for 2024, a -0.68% decrease from the reported $588.42M in 2023. The forecast for 2025 is $604.12M, $613.73M for 2026, $593.69M for 2027, and $601.46M for 2028.

What is Mayville Engineering’s net income forecast?

For its fiscal year ending in December, Mayville Engineering's average annual net income forecast is $12.98M for 2024, reflecting an 65.47% increase from the reported $7.84M in 2023. The projection for 2025 is $16.72M, $24.73M for 2026, $25.91M for 2027, and $33.33M for 2028.