Last Updated: 19 Sep 2024
Executive Summary
Marine Products Corporation (MPX) is a publicly traded company that designs, manufactures, and sells fiberglass recreational boats. The company has a strong financial position with a market capitalization of $338.49 million, EBITDA of $32.29 million, and a trailing PE ratio of 13.18. MPX has a history of consistent revenue and earnings growth, and the company is expected to continue to perform well in the future.
Company Overview
Marine Products Corporation was founded in 1954 and is headquartered in Atlanta, Georgia. The company has a global presence with operations in the United States, Europe, and Asia. MPX offers a wide range of fiberglass recreational boats, including sport boats, sport fishing boats, and powerboats. The company's boats are known for their quality, performance, and durability.
Fundamental Analysis
MPX has a strong financial position with a healthy balance sheet and a strong cash flow. The company's revenue has grown steadily in recent years, and the company is expected to continue to grow in the future. MPX has a strong operating margin of 8.27%, and the company's return on assets and return on equity are both above industry average.
Technical Analysis
MPX's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages, and the technical indicators are bullish. The stock's relative strength index (RSI) is above 50, and the moving average convergence divergence (MACD) is positive.
Short Term Outlook
MPX's stock is expected to continue to perform well in the short term. The company's fundamentals are strong, and the technical indicators are bullish. The stock's price target is $8, which represents a potential upside of 15.3%.
Long Term Outlook
MPX is expected to continue to grow in the long term. The company's boats are in high demand, and the company is expected to benefit from the growing popularity of recreational boating. The stock's price target is $12, which represents a potential upside of 33.9%.
Analyst Recommendations
Analysts are bullish on MPX stock. One analyst has a buy rating on the stock, and the consensus recommendation is a hold. The average price target for MPX stock is $8.
