Shares of Malibu Boats Inc (NASDAQ:MBUU) have received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.44.
Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Malibu Boats in a research note on Friday, October 13th. Aegis began coverage on shares of Malibu Boats in a research note on Monday, October 2nd. They issued a “buy” rating and a $37.00 target price on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $31.00 target price on shares of Malibu Boats in a research note on Friday, October 20th.
In related news, CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.20, for a total transaction of $1,092,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,497 shares of company stock worth $3,964,297. 3.50% of the stock is owned by insiders.
Malibu Boats (NASDAQ MBUU) traded down $1.44 during trading hours on Tuesday, hitting $33.23. 164,661 shares of the stock traded hands, compared to its average volume of 166,573. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $706.37, a P/E ratio of 19.78, a PEG ratio of 1.18 and a beta of 1.00. Malibu Boats has a one year low of $17.43 and a one year high of $34.88.
Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Tuesday, November 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. equities research analysts predict that Malibu Boats will post 1.96 earnings per share for the current year.
About Malibu Boats
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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