Malibu Boats Inc (MBUU) Receives $32.44 Average Price Target from Brokerages

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.

A number of institutional investors have recently made changes to their positions in MBUU. Hood River Capital Management LLC bought a new stake in Malibu Boats in the 2nd quarter worth $10,572,000. American Century Companies Inc. lifted its position in shares of Malibu Boats by 42.5% in the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after purchasing an additional 198,283 shares during the period. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of Malibu Boats in the 4th quarter worth about $3,729,000. Dimensional Fund Advisors LP lifted its position in shares of Malibu Boats by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock worth $12,513,000 after purchasing an additional 107,413 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Malibu Boats by 10.7% in the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock worth $23,120,000 after purchasing an additional 86,128 shares during the period.

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.

TRADEMARK VIOLATION NOTICE: “Malibu Boats Inc (MBUU) Receives $32.44 Average Price Target from Brokerages” was originally published by BBNS and is the property of of BBNS. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://baseballnewssource.com/markets/malibu-boats-inc-mbuu-receives-32-44-average-price-target-from-brokerages/1872828.html.

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.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.