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Mayville Engineering Company (MEC) Gets a Hold Rating from Robert W. Baird

Robert W. Baird analyst Mircea Dobre maintained a Hold rating on Mayville Engineering Company (MECResearch Report) on July 20 and set a price target of $8.00. The company’s shares closed last Thursday at $7.26, close to its 52-week low of $6.58.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 11.4% and a 45.4% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Zurn Water Solutions.

The word on The Street in general, suggests a Hold analyst consensus rating for Mayville Engineering Company with a $10.00 average price target.

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Mayville Engineering Company’s market cap is currently $152.1M and has a P/E ratio of -24.22.

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Mayville Engineering Co., Inc. engages in the production of metal components. It offers a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. The company was founded by Leo Bachhuber and Ted Bachhuber in 1945 and is headquartered in Mayville, WI.

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