$16.50
0.251.54%
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$16.49
-0.01-0.06%
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Mayville Engineering
MECNYSE
Mayville Engineering (NYSE:MEC) Stock, Analyst Ratings, Price Targets, Forecasts
Mayville Engineering Co Inc has a consensus price target of $21.5 based on the ratings of 17 analysis. The 3 most-recent analyst ratings were released by Northland Capital Markets, EF Hutton, and Citigroup on June 14, 2024, May 8, 2024, and April 8, 2024, respectively. With an average price target of $24 between Northland Capital Markets, EF Hutton, and Citigroup, there's an implied 45.54% upside for Mayville Engineering Co Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Northland Capital Markets
EF Hutton
Citigroup
Baird
1calculated from analyst ratings
Analyst Ratings for Mayville Engineering
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/14/2024 | Buy Now | 81.93% | Northland Capital Markets | Ted Jackson | $20 → $30 | Maintains | Outperform | Get Alert |
| 05/08/2024 | Buy Now | 45.54% | EF Hutton | Tim Moore | $22 → $24 | Maintains | Buy | Get Alert |
| 04/08/2024 | Buy Now | 9.16% | Citigroup | Andrew Kaplowitz | $17 → $18 | Maintains | Buy | Get Alert |
| 03/07/2024 | Buy Now | 33.41% | EF Hutton | Tim Moore | → $22 | Maintains | Buy | Get Alert |
| 08/21/2023 | Buy Now | 39.48% | EF Hutton | Tim Moore | → $23 | Reiterates | Buy → Buy | Get Alert |
| 08/16/2023 | Buy Now | 39.48% | EF Hutton | Tim Moore | → $23 | Reiterates | Buy → Buy | Get Alert |
| 08/03/2023 | Buy Now | 39.48% | EF Hutton | Tim Moore | → $23 | Reiterates | Buy → Buy | Get Alert |
| 06/21/2023 | Buy Now | 33.41% | EF Hutton | Tim Moore | $21 → $22 | Maintains | Buy | Get Alert |
| 06/09/2023 | Buy Now | -15.1% | Baird | Mircea Dobre | → $14 | Downgrade | Outperform → Neutral | Get Alert |
| 05/17/2023 | Buy Now | 21.29% | Northland Capital Markets | Ted Jackson | → $20 | Initiates | → Outperform | Get Alert |
| 05/05/2023 | Buy Now | 3.09% | Citigroup | Andrew Kaplowitz | $18 → $17 | Maintains | Buy | Get Alert |
| 05/04/2023 | Buy Now | 27.35% | EF Hutton | Tim Moore | $22 → $21 | Maintains | Buy | Get Alert |
| 05/04/2023 | Buy Now | -15.1% | Baird | Mircea Dobre | $16 → $14 | Maintains | Outperform | Get Alert |
| 04/26/2023 | Buy Now | 33.41% | EF Hutton | Tim Moore | → $22 | Initiates | → Buy | Get Alert |
| 12/09/2022 | Buy Now | 9.16% | Citigroup | Andrew Kaplowitz | $12 → $18 | Maintains | Buy | Get Alert |
| 11/03/2022 | Buy Now | -9.04% | Baird | Mircea Dobre | → $15 | Upgrade | Neutral → Outperform | Get Alert |
| 01/21/2022 | Buy Now | -21.16% | Baird | Mircea Dobre | $21 → $13 | Downgrade | Outperform → Neutral | Get Alert |
FAQ
What is the target price for Mayville Engineering (MEC) stock?
The latest price target for Mayville Engineering (NYSE:MEC) was reported by Northland Capital Markets on June 14, 2024. The analyst firm set a price target for $30.00 expecting MEC to rise to within 12 months (a possible 81.93% upside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Mayville Engineering (MEC)?
The latest analyst rating for Mayville Engineering (NYSE:MEC) was provided by Northland Capital Markets, and Mayville Engineering maintained their outperform rating.
When was the last upgrade for Mayville Engineering (MEC)?
The last upgrade for Mayville Engineering Co Inc happened on November 3, 2022 when Baird raised their price target to $15. Baird previously had a neutral for Mayville Engineering Co Inc.
When was the last downgrade for Mayville Engineering (MEC)?
The last downgrade for Mayville Engineering Co Inc happened on June 9, 2023 when Baird changed their price target from N/A to $14 for Mayville Engineering Co Inc.
When is the next analyst rating going to be posted or updated for Mayville Engineering (MEC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Mayville Engineering, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Mayville Engineering was filed on June 14, 2024 so you should expect the next rating to be made available sometime around June 14, 2025.
Is the Analyst Rating Mayville Engineering (MEC) correct?
While ratings are subjective and will change, the latest Mayville Engineering (MEC) rating was a maintained with a price target of $20.00 to $30.00. The current price Mayville Engineering (MEC) is trading at is $16.49, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.