Malibu Boats, Inc. (NASDAQ:MBUU) Stock Has Average Price Target of $31.60 According to Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.60.

A number of analysts have weighed in on MBUU shares. DA Davidson restated a “neutral” rating and set a $30.00 price objective on shares of Malibu Boats in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Malibu Boats from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Truist Financial raised their price target on shares of Malibu Boats from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Zacks Research cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Benchmark reiterated a “buy” rating on shares of Malibu Boats in a research note on Friday, August 28th.

Institutional Investors Weigh In On Malibu Boats

Institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd bought a new stake in Malibu Boats in the 2nd quarter worth about $206,000. Engineers Gate Manager LP bought a new position in Malibu Boats during the 2nd quarter valued at about $1,033,000. Squarepoint Ops LLC bought a new position in Malibu Boats during the 2nd quarter valued at about $316,000. AXQ Capital LP purchased a new stake in shares of Malibu Boats during the 2nd quarter valued at about $272,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Malibu Boats during the 2nd quarter valued at about $35,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Stock Up 0.9%

Shares of NASDAQ:MBUU opened at $23.42 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $26.77. Malibu Boats has a 12-month low of $22.82 and a 12-month high of $34.97. The stock has a market capitalization of $460.91 million, a price-to-earnings ratio of 334.57 and a beta of 1.15.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, August 27th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.14. The firm had revenue of $295.54 million for the quarter, compared to analysts’ expectations of $263.89 million. Malibu Boats had a return on equity of 4.78% and a net margin of 0.18%.The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that Malibu Boats will post 2.27 earnings per share for the current fiscal year.

Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of recreational powerboats. The company produces boats for water sports, cruising, fishing and general recreation, serving consumers through a network of dealers primarily in the United States and selected international markets.

Its portfolio includes Malibu and Axis wake and watersports boats, Cobalt luxury bowriders and runabouts, and a range of saltwater fishing and offshore boats sold under brands associated with Pursuit and Maverick Boat Group, including Pathfinder, Hewes and Cobia.