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Mayville Engineering Co Inc (MEC) Stock Forecast & Price Prediction

Live MEC Stock Price & Analysis

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$15.98

-0.03 (-0.19%)

12 Month Price Forecast For MEC

$15.98
Current Price
$328.45M
Market Cap
3 Ratings
Buy 2
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to MEC Price Forecasts

+37.7%
To High Target of $22.00
+31.4%
To Median Target of $21.00
+25.2%
To Low Target of $20.00

MEC Price Momentum

+1.9%
1 Week Change
+8.9%
1 Month Change
+28.1%
1 Year Change
+1.7%
Year-to-Date Change
-30.6%
From 52W High of $23.02
+44.4%
From 52W Low of $11.07

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 11, 2025 4:13 AM UTC

MEC Analyst Ratings & Price Targets

Based on our analysis of 5 Wall Street analysts, MEC has a bullish consensus with a median price target of $21.00 (ranging from $20.00 to $22.00). Currently trading at $15.98, the median forecast implies a 31.4% upside. This outlook is supported by 2 Buy, 1 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Tim Moore at EF Hutton, projecting a 37.7% upside. Conversely, the most conservative target is provided by Ted Jackson at Northland Capital Markets, suggesting a 25.2% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

MEC Analyst Consensus

2
Buy
1
Hold
0
Sell

MEC Price Target Range

Low
$20.00
Average
$21.00
High
$22.00
Current: $15.98

Latest MEC Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for MEC.

Date Firm Analyst Rating Change Price Target
Nov 7, 2024 Northland Capital Markets Ted Jackson Market Perform Downgrade $20.00
Oct 8, 2024 Northland Capital Markets Ted Jackson Outperform Reiterates $30.00
Jun 14, 2024 Northland Capital Markets Ted Jackson Outperform Maintains $30.00
May 8, 2024 EF Hutton Tim Moore Buy Maintains $24.00
Apr 8, 2024 Citigroup Andrew Kaplowitz Buy Maintains $18.00
Mar 7, 2024 EF Hutton Tim Moore Buy Maintains $22.00
Aug 21, 2023 EF Hutton Tim Moore Buy Reiterates $23.00
Aug 16, 2023 EF Hutton Tim Moore Buy Reiterates $23.00
Aug 3, 2023 EF Hutton Buy Reiterates $0.00
Jun 21, 2023 EF Hutton Tim Moore Buy Maintains $22.00
Jun 9, 2023 Baird Neutral Downgrade $0.00
May 17, 2023 Northland Capital Markets Ted Jackson Outperform Initiates $20.00
May 5, 2023 Citigroup Andrew Kaplowitz Buy Maintains $17.00
May 4, 2023 EF Hutton Tim Moore Buy Maintains $21.00
May 4, 2023 Baird Mircea Dobre Outperform Maintains $14.00
Apr 26, 2023 EF Hutton Tim Moore Buy Initiates $22.00
Dec 9, 2022 Citigroup Andrew Kaplowitz Buy Maintains $18.00
Nov 3, 2022 Baird Mircea Dobre Outperform Upgrade $15.00
Jan 21, 2022 Baird Mircea Dobre Neutral Downgrade $13.00
Feb 5, 2021 Baird Mircea Dobre Outperform Maintains $20.00

Stocks Similar to Mayville Engineering Co Inc

The following stocks are similar to Mayville Engineering based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Mayville Engineering Co Inc (MEC) Financial Data

Mayville Engineering Co Inc has a market capitalization of $328.45M with a P/E ratio of 27.0x. The company generates $608.88M in trailing twelve-month revenue with a 2.0% profit margin.

Revenue growth is -14.4% quarter-over-quarter, while maintaining an operating margin of +4.6% and return on equity of +5.3%.

Valuation Metrics

Market Cap $328.45M
Enterprise Value $476.31M
P/E Ratio 27.0x
PEG Ratio 24.1x
Price/Sales 0.5x

Growth & Margins

Revenue Growth (YoY) -14.4%
Gross Margin +12.6%
Operating Margin +4.6%
Net Margin +2.0%
EPS Growth +107.7%

Financial Health

Cash/Price Ratio +0.1%
Current Ratio 1.8x
Debt/Equity 61.2x
ROE +5.3%
ROA +3.1%

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Mayville Engineering Co Inc logo

Mayville Engineering Co Inc (MEC) Company Overview

About Mayville Engineering Co Inc

What They Do

Manufactures aftermarket components and engineered parts.

Business Model

The company generates revenue by designing, producing, and assembling aftermarket components and engineered parts for original equipment manufacturers across various industries, including commercial vehicles and agriculture. Their diverse offerings include fabrication, aluminum extrusion, and coating services, which cater to a wide range of end markets.

Additional Information

Founded in 1945 and headquartered in Milwaukee, Wisconsin, Mayville Engineering Company has a long-standing history in the manufacturing sector. The company's extensive capabilities and broad customer base position it well for growth in various industries, including military and powersports.

Company Information

Sector

Industrials

Industry

Metal Fabrication

Employees

2,500

CEO

Mr. Jagadeesh A. Reddy

Country

United States

IPO Year

N/A

Mayville Engineering Co Inc (MEC) Latest News & Analysis

MEC stock latest news image
Quick Summary

Mayville Engineering Company (NYSE: MEC) announced CFO Todd Butz will leave on June 30, 2025. Rachele Lehr, Chief Human Resources Officer, will succeed him in April.

Why It Matters

Leadership changes, especially in key financial roles, can impact investor confidence and stock performance. A smooth succession may indicate stability, while uncertainty could raise concerns.

Source: Business Wire
Market Sentiment: Neutral
MEC stock latest news image
Quick Summary

Mayville Engineering Company (NYSE:MEC) will hold its Q3 2024 earnings conference call on November 6, 2024, at 10:00 AM ET, featuring key executives and analysts.

Why It Matters

Mayville Engineering's Q3 2024 earnings call will provide insights into financial performance, strategic direction, and market conditions, crucial for assessing investment potential and risk.

Source: Seeking Alpha
Market Sentiment: Neutral
MEC stock latest news image
Quick Summary

Mayville Engineering Company (NYSE: MEC) reported Q3 2024 net sales of $135.4 million, down 14.4% year-over-year, but net income rose to $3.0 million, or $0.14 per diluted share, an increase of $1.6 million.

Why It Matters

Mayville Engineering's 14.4% drop in net sales raises concerns about demand and market position, while increased net income suggests improved efficiency, impacting investor sentiment and stock performance.

Source: Business Wire
Market Sentiment: Neutral
MEC stock latest news image
Quick Summary

Mayville Engineering (MEC) reported Q3 earnings of $0.14 per share, below the Zacks Consensus Estimate of $0.19 and down from $0.21 per share year-over-year.

Why It Matters

Mayville Engineering's earnings miss signals potential operational challenges and reduced profitability, which could lead to negative investor sentiment and impact stock performance.

Source: Zacks Investment Research
Market Sentiment: Negative
MEC stock latest news image
Quick Summary

Mayville Engineering Company (NYSE: MEC) has settled its lawsuit with Peloton Interactive, Inc., agreeing to dismiss the case and exchange mutual releases.

Why It Matters

The settlement with Peloton eliminates litigation risks for Mayville Engineering, potentially stabilizing its financial outlook and improving investor confidence in future operations.

Source: Business Wire
Market Sentiment: Neutral
MEC stock latest news image
Quick Summary

Mayville Engineering Company (NYSE: MEC) will release its Q3 2024 results on November 5, 2024, after market close, followed by a conference call on November 6 at 10:00 a.m. ET.

Why It Matters

Mayville Engineering's upcoming earnings release and conference call could impact stock performance, as investors will look for insights on financial health and market trends.

Source: Business Wire
Market Sentiment: Neutral

Frequently Asked Questions About MEC Stock

What is Mayville Engineering Co Inc's (MEC) stock forecast for 2025?

Based on our analysis of 5 Wall Street analysts, Mayville Engineering Co Inc (MEC) has a median price target of $21.00. The highest price target is $22.00 and the lowest is $20.00.

Is MEC stock a good investment in 2025?

According to current analyst ratings, MEC has 2 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $15.98. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for MEC stock?

Wall Street analysts predict MEC stock could reach $21.00 in the next 12 months. This represents a 31.4% increase from the current price of $15.98. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Mayville Engineering Co Inc's business model?

The company generates revenue by designing, producing, and assembling aftermarket components and engineered parts for original equipment manufacturers across various industries, including commercial vehicles and agriculture. Their diverse offerings include fabrication, aluminum extrusion, and coating services, which cater to a wide range of end markets.

What is the highest forecasted price for MEC Mayville Engineering Co Inc?

The highest price target for MEC is $22.00 from Tim Moore at EF Hutton, which represents a 37.7% increase from the current price of $15.98.

What is the lowest forecasted price for MEC Mayville Engineering Co Inc?

The lowest price target for MEC is $20.00 from Ted Jackson at Northland Capital Markets, which represents a 25.2% increase from the current price of $15.98.

What is the overall MEC consensus from analysts for Mayville Engineering Co Inc?

The overall analyst consensus for MEC is bullish. Out of 5 Wall Street analysts, 2 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $21.00.

How accurate are MEC stock price projections?

Stock price projections, including those for Mayville Engineering Co Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.