Malibu Boats (NASDAQ:MBUU) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, ValuEngine reports.
Several other equities research analysts also recently issued reports on MBUU. Zacks Investment Research upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. B. Riley decreased their price target on Malibu Boats from $62.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. BMO Capital Markets decreased their price target on Malibu Boats from $62.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, August 30th. KeyCorp decreased their price target on Malibu Boats from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, BidaskClub upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Malibu Boats presently has a consensus rating of “Hold” and a consensus price target of $47.83.
Shares of Malibu Boats stock opened at $32.30 on Friday. The stock has a fifty day simple moving average of $31.52 and a 200 day simple moving average of $34.41. Malibu Boats has a 12-month low of $24.79 and a 12-month high of $50.89. The company has a market capitalization of $712.27 million, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.91 and a beta of 1.79. The company has a current ratio of 1.69, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Malibu Boats had a return on equity of 44.28% and a net margin of 9.66%. The business had revenue of $194.82 million during the quarter, compared to the consensus estimate of $185.75 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Malibu Boats’s revenue was up 40.5% compared to the same quarter last year. On average, analysts predict that Malibu Boats will post 3.82 EPS for the current year.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. grew its stake in Malibu Boats by 111.1% in the 2nd quarter. Advisor Group Inc. now owns 859 shares of the company’s stock valued at $33,000 after purchasing an additional 452 shares during the period. Aperio Group LLC bought a new position in Malibu Boats in the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Malibu Boats in the 2nd quarter valued at $68,000. State Board of Administration of Florida Retirement System bought a new position in Malibu Boats in the 2nd quarter valued at $224,000. Finally, Oliver Luxxe Assets LLC bought a new position in Malibu Boats in the 2nd quarter valued at $232,000.
About Malibu Boats
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.
Read More: What is the Moving Average Convergence Divergence (MACD) oscillator?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Recent Comments