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NYSE: MEC
Mayville Engineering Company Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MEC

Based on 4 analysts offering 12 month price targets for Mayville Engineering Company Inc.
Min Forecast
$14.00+27.62%
Avg Forecast
$18.50+68.64%
Max Forecast
$23.00+109.66%

Should I buy or sell MEC stock?

Based on 4 analysts offering ratings for Mayville Engineering Company Inc.
Strong Buy
Strong Buy
2 analysts 50%
Buy
1 analysts 25%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their MEC stock forecasts and price targets.

MEC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
EF Hutton
Bottom 18%
18
Strong BuyReiterates$23.00+109.66%2023-08-21
Baird
Top 3%
98
HoldDowngrades$14.00+27.62%2023-06-09
Northland Securities
Top 25%
76
BuyInitiates Coverage On$20.00+82.32%2023-05-17
Citigroup
Top 1%
100
Strong BuyMaintains$17.00+54.97%2023-05-05

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Forecast return on equity

Is MEC forecast to generate an efficient return?
Company
12.67%
Industry
15.51%
Market
48.39%
MEC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MEC forecast to generate an efficient return on assets?
Company
5.4%
Industry
5.43%
MEC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MEC earnings growth forecast

How is MEC forecast to perform vs Metal Fabrication companies and vs the US market?
Company
76.92%
Industry
23.04%
Market
66.44%
MEC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MEC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MEC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MEC revenue growth forecast

How is MEC forecast to perform vs Metal Fabrication companies and vs the US market?
Company
-0.51%
Industry
-9.39%
Market
12.21%
MEC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MEC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MEC vs Metal Fabrication Stocks

TickerPricePrice TargetUp/downsideConsensus
MEC$10.97$18.50+68.64%Strong Buy
TG$5.41N/AN/A
NWPX$30.17N/AN/A
TPCS$7.26N/AN/A
GIFI$3.27N/AN/A
View Top Metal Fabrication Stocks

Mayville Engineering Company Stock Forecast FAQ

Is Mayville Engineering Company Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: MEC) stock is to Strong Buy MEC stock.

Out of 4 analysts, 2 (50%) are recommending MEC as a Strong Buy, 1 (25%) are recommending MEC as a Buy, 1 (25%) are recommending MEC as a Hold, 0 (0%) are recommending MEC as a Sell, and 0 (0%) are recommending MEC as a Strong Sell.

If you're new to stock investing, here's how to buy Mayville Engineering Company stock.

What is MEC's forecast return on equity (ROE) for 2023-2024?

(NYSE: MEC) forecast ROE is 12.67%, which is considered weak.

What is MEC's Price Target?

According to 4 Wall Street analysts that have issued a 1 year MEC price target, the average MEC price target is $18.50, with the highest MEC stock price forecast at $23.00 and the lowest MEC stock price forecast at $14.00.

On average, Wall Street analysts predict that Mayville Engineering Company's share price could reach $18.50 by Aug 21, 2024. The average Mayville Engineering Company stock price prediction forecasts a potential upside of 68.64% from the current MEC share price of $10.97.

What is MEC's forecast return on assets (ROA) for 2023-2024?

(NYSE: MEC) forecast ROA is 5.4%, which is lower than the forecast US Metal Fabrication industry average of 5.43%.
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