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Mayville Engineering: Citigroup maintains a 'Buy' Rating, The Target Price is $21
ByAinvest
Monday, Jul 14, 2025 4:00 pm ET1min read
Citigroup maintains 'Buy' rating on Mayville Engineering(MEC).
The target price is $21, compare with $17 previously.
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-07-14 | Citigroup | Maintains | Buy | Buy | $21 | $17 |
| 2025-06-17 | DA Davidson | Initiates Coverage On | Buy | -- | $23 | $-- |
[Recent Earning Results] Mayville Engineering posted the Q1 of its 2025 financial results on 5/7/2025, reporting total revenue of USD 135.58 million in the first quarter, down 15.93% from USD 161.27 million year over year, reporting net income of USD 0.02 million in the first quarter, down 99.38% from USD 3.24 million year over year.
[Company Profile] Mayville Engineering Company, Inc. is a Wisconsin corporation and commenced operations in 1945. The company is a vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. The company customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military and other end markets. The company provide a diverse set of process offerings and a one-source solution with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket components and ancillary supply chain benefits.
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