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Robert W. Baird Maintains Their Hold Rating on Mayville Engineering Company (MEC)

Robert W. Baird analyst Mircea Dobre maintained a Hold rating on Mayville Engineering Company (MECResearch Report) on March 1 and set a price target of $13.00. The company’s shares closed last Wednesday at $9.75, close to its 52-week low of $9.72.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 14.9% and a 49.1% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, John Bean Technologies, and Zurn Water Solutions.

Mayville Engineering Company has an analyst consensus of Hold, with a price target consensus of $13.00.

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Based on Mayville Engineering Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $109 million and net profit of $275K. In comparison, last year the company earned revenue of $91.08 million and had a GAAP net loss of $1.1 million.

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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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