Malibu Boats (MBUU) Lifted to “Strong-Buy” at BidaskClub
Malibu Boats (NASDAQ:MBUU) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
A number of other research firms have also recently weighed in on MBUU. Wells Fargo & Co raised Malibu Boats from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $51.00 in a research report on Thursday, August 23rd. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.06.
NASDAQ:MBUU opened at $52.39 on Thursday. The company has a market cap of $1.08 billion, a P/E ratio of 20.79, a PEG ratio of 1.27 and a beta of 1.13. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.85. Malibu Boats has a 52-week low of $25.98 and a 52-week high of $59.57.
Institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new stake in Malibu Boats during the 1st quarter worth approximately $130,000. Affinity Investment Advisors LLC acquired a new stake in Malibu Boats during the 2nd quarter worth approximately $229,000. Brown Advisory Inc. acquired a new stake in Malibu Boats during the 2nd quarter worth approximately $235,000. Trexquant Investment LP acquired a new stake in Malibu Boats during the 1st quarter worth approximately $282,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Malibu Boats during the 2nd quarter worth approximately $200,000. 98.06% of the stock is owned by institutional investors.
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.
Recommended Story: What kind of dividend yield to CEF’s pay?
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.