Mayville Engineering Company (MEC) Stock Forecast, Price Target & Predictions
MEC Stock Forecast
Mayville Engineering Company stock forecast is as follows: an average price target of $24.00 (represents a 48.24% upside from MEC’s last price of $16.19) 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 Company (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 48.24% upside from MEC's last price of $16.19.
MEC Analyst Ratings
According to 3 Wall Street analysts, Mayville Engineering Company'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 Company 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% | 48.24% |
| Dec 09, 2022 | Citigroup | $18.00 | $12.93 | 39.21% | 11.18% |
The latest Mayville Engineering Company 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 48.24% increase from MEC last price ($16.19).
Mayville Engineering Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $24.00 |
| Last Closing Price | $16.19 | $16.19 | $16.19 |
| Upside/Downside | -100.00% | -100.00% | 48.24% |
In the current month, the average price target of Mayville Engineering Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Mayville Engineering Company's last price of $16.19. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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 Company'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 Company Financial Forecast
Mayville Engineering Company Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $148.58M | $158.22M | $138.98M | $142.65M | $128.53M | $136.28M | $138.34M | $136.25M | $112.97M | $109.02M | $120.21M | $112.62M | $95.34M | $91.08M | $62.58M | $108.61M | $102.33M | $128.51M |
| Avg Forecast | $152.80M | $152.10M | $162.00M | $156.30M | $145.20M | $147.83M | $140.77M | $135.37M | $124.27M | $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 |
| High Forecast | $167.78M | $167.01M | $177.88M | $171.62M | $159.43M | $162.32M | $154.57M | $148.65M | $124.76M | $157.92M | $159.12M | $160.45M | $155.50M | $159.92M | $159.62M | $153.98M | $135.85M | $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 |
| Low Forecast | $144.98M | $144.32M | $153.71M | $148.30M | $137.77M | $140.27M | $133.57M | $128.45M | $123.78M | $157.21M | $159.12M | $160.45M | $149.12M | $159.92M | $137.93M | $133.06M | $117.39M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.99% | 0.96% | 1.02% | 1.04% | 1.06% | 1.00% | 1.11% | 1.03% | 0.91% | 0.98% | 1.03% | 1.04% | 0.99% | 0.82% | 0.96% | 1.02% | 0.92% |
Mayville Engineering Company's average Quarter revenue forecast for Mar 24 based on 1 analysts is $160.45M, with a low forecast of $160.45M, and a high forecast of $160.45M. 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 Company EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $5.35M | $5.89M | $4.27M | $12.55M | $10.56M | $8.92M | $14.83M | $11.59M | $-8.89M | $8.82M | $12.64M | $11.82M | $8.31M | $8.18M | $-743.00K | $9.85M | $3.74M | $21.54M |
| Avg Forecast | $9.96M | $9.92M | $10.56M | $10.19M | $9.47M | $9.64M | $9.18M | $8.83M | $8.10M | $10.27M | $10.37M | $12.10M | $9.93M | $10.43M | $9.48M | $9.57M | $4.72M | $10.24M | $11.03M | $7.56M | $8.75M | $9.54M | $9.75M | $9.45M | $7.32M | $7.33M | $6.11M | $18.18M | $7.99M | $11.18M |
| High Forecast | $10.94M | $10.89M | $11.60M | $11.19M | $10.39M | $10.58M | $10.08M | $9.69M | $8.13M | $10.30M | $10.37M | $14.52M | $10.14M | $10.43M | $10.41M | $11.48M | $5.66M | $10.24M | $11.03M | $9.08M | $8.75M | $9.54M | $9.75M | $11.34M | $7.32M | $7.33M | $6.11M | $21.81M | $7.99M | $11.18M |
| Low Forecast | $9.45M | $9.41M | $10.02M | $9.67M | $8.98M | $9.14M | $8.71M | $8.37M | $8.07M | $10.25M | $10.37M | $9.68M | $9.72M | $10.43M | $8.99M | $7.65M | $3.77M | $10.24M | $11.03M | $6.05M | $8.75M | $9.54M | $9.75M | $7.56M | $7.32M | $7.33M | $6.11M | $14.54M | $7.99M | $11.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.54% | 0.57% | 0.45% | 1.31% | 2.24% | 0.87% | 1.34% | 1.53% | -1.02% | 0.92% | 1.30% | 1.25% | 1.14% | 1.12% | -0.12% | 0.54% | 0.47% | 1.93% |
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 Company's previous annual EBITDA (Dec 23) of $5.35M.
Mayville Engineering Company Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.23M | $1.43M | $1.61M | $2.57M | $2.38M | $6.60M | $5.93M | $3.82M | $-13.56M | $275.00K | $3.29M | $2.54M | $972.00K | $-1.10M | $-7.01M | $50.00K | $-1.67M | $9.75M |
| Avg Forecast | $7.60M | $7.39M | $7.82M | $6.76M | $4.01M | $4.91M | $2.90M | $718.18K | $-1.77M | $5.15M | $4.65M | $3.62M | $3.61M | $5.22M | $4.00M | $2.86M | $-2.11M | $4.44M | $6.49M | $2.26M | $549.49K | $2.64M | $4.21M | $2.04M | $209.82K | $-909.56K | $-4.92M | $92.30K | $-3.01M | $6.29M |
| High Forecast | $8.57M | $8.34M | $8.81M | $7.62M | $4.52M | $5.53M | $3.27M | $1.21M | $-1.66M | $5.25M | $4.65M | $4.35M | $4.07M | $5.44M | $4.51M | $3.44M | $-1.69M | $4.44M | $6.49M | $2.72M | $549.49K | $2.64M | $4.21M | $2.44M | $209.82K | $-909.56K | $-4.92M | $110.76K | $-3.01M | $6.29M |
| Low Forecast | $7.10M | $6.90M | $7.30M | $6.31M | $3.75M | $4.58M | $2.70M | $223.00K | $-1.88M | $5.05M | $4.65M | $2.90M | $3.37M | $5.00M | $3.74M | $2.29M | $-2.54M | $4.44M | $6.49M | $1.81M | $549.49K | $2.64M | $4.21M | $1.63M | $209.82K | $-909.56K | $-4.92M | $73.84K | $-3.01M | $6.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 0.27% | 0.40% | 0.90% | -1.13% | 1.49% | 0.91% | 1.69% | -24.68% | 0.10% | 0.78% | 1.25% | 4.63% | 1.21% | 1.43% | 0.54% | 0.56% | 1.55% |
Mayville Engineering Company'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 Company SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $7.21M | $8.61M | $7.40M | $9.97M | $8.45M | $6.55M | $8.93M | $8.76M | $7.71M | $7.37M | $8.80M | $8.03M | $7.84M | $6.78M | $5.07M | $10.28M | $8.65M | $10.92M |
| Avg Forecast | $11.79M | $11.74M | $12.50M | $12.06M | $11.21M | $11.41M | $10.86M | $10.45M | $9.59M | $12.16M | $12.28M | $8.31M | $11.75M | $12.34M | $11.22M | $6.57M | $10.91M | $9.84M | $10.60M | $5.19M | $8.40M | $9.17M | $9.36M | $6.43M | $7.03M | $7.04M | $5.87M | $18.97M | $7.67M | $10.74M |
| High Forecast | $12.95M | $12.89M | $13.73M | $13.24M | $12.30M | $12.53M | $11.93M | $11.47M | $9.63M | $12.19M | $12.28M | $9.97M | $12.00M | $12.34M | $12.32M | $7.88M | $13.10M | $9.84M | $10.60M | $6.23M | $8.40M | $9.17M | $9.36M | $7.71M | $7.03M | $7.04M | $5.87M | $22.76M | $7.67M | $10.74M |
| Low Forecast | $11.19M | $11.14M | $11.86M | $11.44M | $10.63M | $10.82M | $10.31M | $9.91M | $9.55M | $12.13M | $12.28M | $6.64M | $11.51M | $12.34M | $10.64M | $5.25M | $8.73M | $9.84M | $10.60M | $4.15M | $8.40M | $9.17M | $9.36M | $5.14M | $7.03M | $7.04M | $5.87M | $15.18M | $7.67M | $10.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | 0.70% | 0.66% | 1.52% | 0.77% | 0.67% | 0.84% | 1.69% | 0.92% | 0.80% | 0.94% | 1.25% | 1.12% | 0.96% | 0.86% | 0.54% | 1.13% | 1.02% |
Mayville Engineering Company'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 Company EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.11 | $0.07 | $0.08 | $0.13 | $0.12 | $0.32 | $0.29 | $0.19 | $-0.66 | $0.01 | $0.16 | $0.13 | $0.05 | $-0.05 | $-0.35 | - | $-0.08 | $0.49 |
| Avg Forecast | $0.36 | $0.35 | $0.37 | $0.32 | $0.19 | $0.23 | $0.14 | $0.03 | $-0.08 | $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 |
| High Forecast | $0.41 | $0.39 | $0.42 | $0.36 | $0.21 | $0.26 | $0.15 | $0.06 | $-0.08 | $0.25 | $0.22 | $0.17 | $0.19 | $0.26 | $0.21 | $0.24 | $0.15 | $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 |
| Low Forecast | $0.34 | $0.33 | $0.35 | $0.30 | $0.18 | $0.22 | $0.13 | $0.01 | $-0.09 | $0.24 | $0.22 | $0.17 | $0.16 | $0.24 | $0.18 | $0.20 | $0.12 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 0.28% | 0.42% | 0.61% | 0.90% | 1.52% | 0.94% | 1.44% | -25.27% | 0.08% | 0.80% | 1.34% | 5.01% | 1.16% | 1.50% | -1.87% | 0.56% | 1.64% |
According to 1 Wall Street analysts, Mayville Engineering Company's projected average Quarter EPS for Mar 24 is $0.17, with a low estimate of $0.17 and a high estimate of $0.17. This represents a 58.25% increase compared to MEC previous annual EPS of $0.11 (Dec 23).
Mayville Engineering Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| RYI | Ryerson | $21.66 | $36.50 | 68.51% | Hold |
| MEC | Mayville Engineering Company | $16.68 | $24.00 | 43.88% | Buy |
| ATI | ATI | $55.25 | $77.00 | 39.37% | Buy |
| WOR | Worthington Industries | $38.20 | $46.00 | 20.42% | Hold |
| NWPX | Northwest Pipe Company | $52.15 | $50.00 | -4.12% | |
| ESAB | ESAB | $129.51 | $117.50 | -9.27% | Buy |
| CRS | Carpenter | $172.56 | $144.00 | -16.55% | Buy |