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Robert W. Baird Sticks to Its Hold Rating for Mayville Engineering Company (MEC)

In a report issued on February 9, Mircea Dobre from Robert W. Baird maintained a Hold rating on Mayville Engineering Company (MECResearch Report), with a price target of $13.00. The company’s shares closed last Friday at $10.29, close to its 52-week low of $10.11.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 17.4% and a 54.1% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Zurn Water Solutions, and Illinois Tool Works.

Currently, the analyst consensus on Mayville Engineering Company is a Hold with an average price target 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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