Brokers Change Their Target Price On Marine Products Corporation (NYSE:MPX)

Claudine Rigal
Juillet 17, 2017

They now have a United States dollars 9 price target on the stock. About shares traded. Marine Products Corp. It has outperformed by 42.33% the S&P500. That brings the Director's holdings to $63,400 as reported to the SEC. The stock has a market capitalization of $554.42 million, a price-to-earnings ratio of 32.50 and a beta of 0.35. Renaissance Technologies LLC now owns 189,607 shares of the company's stock valued at $2,061,000 after buying an additional 7,389 shares in the last quarter. Lauder Estee Cos Inc now has $34.38 billion valuation. The stock declined 0.51% or $0.08 reaching $15.75 per share. About 1,515 shares traded. (NYSE:MPX) has risen 59.03% since July 17, 2016 and is uptrending.

Separately, B. Riley reissued a "neutral" rating and issued a $11.50 price target on shares of Marine Products Corporation in a report on Friday, April 28th. The company has market cap of $555.96 million. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company's product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.

Since May 16, 2017, it had 1 buying transaction, and 3 insider sales for $233,761 activity. (NYSE:MPX). Blackrock Institutional Tru Na holds 287,003 shares. (NYSE:MPX) on Tuesday, May 16.

Investors sentiment decreased to 0.7 in Q4 2016. Its down 0.80, from 1.5 in 2016Q3.

In other news, CFO Ben M. Palmer sold 13,500 shares of Marine Products Corporation stock in a transaction dated Friday, June 9th. 8 funds opened positions while 13 raised stakes. Synovus Corp has 0.04% invested in Marine Products Corp. Northern Corp accumulated 141,961 shares. Citigroup, a New York-based fund reported 7,618 shares. Ny State Common Retirement Fund has invested 0% in Marine Products Corp. (NYSE:MPX) for 22,955 shares. Manufacturers Life Ins The invested 0% of its portfolio in Marine Products Corp. (NYSE:MPX). Denali Advisors holds 166 shares or 0% of its portfolio. Creative Planning owns 675 shares. Royal Bank & Trust Of Canada holds 0% or 603 shares in its portfolio. Schwab Charles Investment Management Inc now controls 40,954 shares valued at $446,000. Blackrock owns 5,623 shares or 0% of their U.S. portfolio.

The value of the investment in Marine Products Corporation went from $1,080,000 to $832,000 decreasing 23.0% quarter over quarter.

Several research analysts have commented on the company. MPX's profit will be $5.32 million for 26.15 P/E if the $0.15 EPS becomes a reality. Analysts expect next quarter's EPS to be $0.15 and the next full year EPS is anticipated to be $0.80. After $0.91 actual EPS reported by Estee Lauder Companies Inc for the previous quarter, Wall Street now forecasts -41.76% negative EPS growth. Estee Lauder had 55 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs Grp Incorporated has 12,428 shares. Stifel Nicolaus has "Buy" rating and $96 target. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, September 25. The shares were sold at an average price of $14.27, for a total value of $35,675.00.

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