Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been given an average rating of “Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.25.
A number of research firms have commented on MBUU. B. Riley reissued a “buy” rating and set a $26.00 price target on shares of Malibu Boats in a report on Monday, May 8th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Saturday, August 12th. BidaskClub cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. BMO Capital Markets reissued a “hold” rating and set a $22.00 price target on shares of Malibu Boats in a report on Thursday, May 4th. Finally, Wunderlich cut Malibu Boats from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Wednesday, May 3rd.
A number of institutional investors have recently added to or reduced their stakes in the company. TFS Capital LLC purchased a new position in Malibu Boats during the first quarter valued at about $762,000. Smith Asset Management Group LP purchased a new position in Malibu Boats during the first quarter valued at about $3,360,000. Bank of New York Mellon Corp raised its position in Malibu Boats by 65.1% in the first quarter. Bank of New York Mellon Corp now owns 112,720 shares of the company’s stock valued at $2,530,000 after buying an additional 44,431 shares in the last quarter. HPM Partners LLC purchased a new position in Malibu Boats during the first quarter valued at about $339,000. Finally, American Century Companies Inc. raised its position in Malibu Boats by 27.9% in the first quarter. American Century Companies Inc. now owns 465,496 shares of the company’s stock valued at $10,450,000 after buying an additional 101,672 shares in the last quarter.
Shares of Malibu Boats (MBUU) traded up 1.88% on Friday, reaching $26.56. The company’s stock had a trading volume of 208,301 shares. The stock has a market cap of $476.22 million, a P/E ratio of 21.25 and a beta of 0.98. Malibu Boats has a 52-week low of $12.91 and a 52-week high of $29.50. The firm’s 50 day moving average is $27.39 and its 200-day moving average is $24.02.
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Malibu Boats Company Profile
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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