Malibu Boats (NASDAQ:MBUU) had its price objective upped by B. Riley from $41.00 to $46.50 in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. B. Riley’s target price points to a potential downside of 11.29% from the company’s previous close.
A number of other equities analysts also recently commented on the company. BidaskClub upgraded Malibu Boats from a “buy” rating to a “strong-buy” rating in a report on Thursday. Wells Fargo & Co upgraded Malibu Boats from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $51.00 in a report on Thursday, August 23rd. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $45.93.
NASDAQ:MBUU opened at $52.42 on Friday. Malibu Boats has a 52 week low of $25.98 and a 52 week high of $59.57. The company has a market capitalization of $1.02 billion, a P/E ratio of 34.72, a PEG ratio of 1.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 1.87.
Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, September 6th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.17. Malibu Boats had a return on equity of 45.08% and a net margin of 5.73%. The firm had revenue of $138.66 million for the quarter, compared to the consensus estimate of $122.65 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 84.6% on a year-over-year basis. sell-side analysts anticipate that Malibu Boats will post 2.37 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in MBUU. Mount Yale Investment Advisors LLC acquired a new position in Malibu Boats during the first quarter valued at approximately $130,000. Affinity Investment Advisors LLC acquired a new position in Malibu Boats during the second quarter valued at approximately $229,000. Brown Advisory Inc. acquired a new position in Malibu Boats during the second quarter valued at approximately $235,000. Trexquant Investment LP acquired a new position in Malibu Boats during the first quarter valued at approximately $282,000. Finally, Cornerstone Wealth Management LLC acquired a new position in Malibu Boats during the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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