Malibu Boats (MBUU) PT Set at $40.00 by KeyCorp

Malibu Boats (NASDAQ:MBUU) received a $40.00 price objective from KeyCorp in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. KeyCorp’s price target indicates a potential upside of 16.92% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. SunTrust Banks reiterated a “buy” rating and issued a $37.00 price objective on shares of Malibu Boats in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. BMO Capital Markets upped their price objective on shares of Malibu Boats from $34.00 to $40.00 and gave the stock a “top pick” rating in a research report on Tuesday, February 13th. B. Riley upped their price objective on shares of Malibu Boats from $29.50 to $32.25 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, ValuEngine upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.53.

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Shares of Malibu Boats stock traded up $0.56 during trading hours on Monday, reaching $34.21. The stock had a trading volume of 5,009 shares, compared to its average volume of 205,837. The company has a market cap of $690.15, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. Malibu Boats has a twelve month low of $21.86 and a twelve month high of $36.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.70.



Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $114.37 million during the quarter, compared to the consensus estimate of $108.84 million. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The company’s revenue was up 69.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. equities research analysts forecast that Malibu Boats will post 2.19 EPS for the current year.

In other news, VP Dan L. Gasper sold 15,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $34.15, for a total transaction of $512,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. grew its stake in Malibu Boats by 13.7% during the 4th quarter. American International Group Inc. now owns 13,725 shares of the company’s stock valued at $408,000 after acquiring an additional 1,652 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Malibu Boats by 3.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 55,860 shares of the company’s stock valued at $1,767,000 after acquiring an additional 1,735 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Malibu Boats by 0.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 211,658 shares of the company’s stock valued at $6,292,000 after acquiring an additional 1,822 shares in the last quarter. First Trust Advisors LP grew its stake in Malibu Boats by 15.0% during the 4th quarter. First Trust Advisors LP now owns 18,160 shares of the company’s stock valued at $540,000 after acquiring an additional 2,371 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Malibu Boats by 126.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock valued at $133,000 after acquiring an additional 2,485 shares in the last quarter.

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Malibu Boats Company Profile

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.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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