BidaskClub upgraded shares of Malibu Boats (NASDAQ:MBUU) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of XOMA from a sell rating to a hold rating in a research note on Friday, May 24th. SunTrust Banks reduced their target price on shares of Malibu Boats to $48.00 and set a buy rating for the company in a research note on Monday, June 17th. Finally, Zacks Investment Research lowered shares of G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $53.83.

NASDAQ MBUU opened at $36.51 on Tuesday. Malibu Boats has a 1 year low of $32.09 and a 1 year high of $59.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 1.61. The company has a market cap of $760.87 million, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.91 and a beta of 1.82. The business has a fifty day moving average price of $37.82.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, May 9th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Malibu Boats had a net margin of 9.41% and a return on equity of 44.85%. The firm had revenue of $199.92 million during the quarter, compared to analyst estimates of $188.31 million. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 42.4% compared to the same quarter last year. Equities analysts forecast that Malibu Boats will post 3.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Advisors LLC grew its position in Malibu Boats by 0.6% during the first quarter. Boston Advisors LLC now owns 48,646 shares of the company’s stock valued at $1,925,000 after buying an additional 305 shares during the period. Alps Advisors Inc. lifted its holdings in Malibu Boats by 6.5% during the first quarter. Alps Advisors Inc. now owns 9,065 shares of the company’s stock valued at $359,000 after purchasing an additional 551 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in Malibu Boats by 1.8% during the first quarter. Cadence Capital Management LLC now owns 49,532 shares of the company’s stock valued at $1,960,000 after purchasing an additional 879 shares during the last quarter. Citigroup Inc. lifted its holdings in Malibu Boats by 17.8% during the fourth quarter. Citigroup Inc. now owns 6,618 shares of the company’s stock valued at $230,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Affinity Investment Advisors LLC lifted its holdings in Malibu Boats by 17.4% during the first quarter. Affinity Investment Advisors LLC now owns 8,817 shares of the company’s stock valued at $349,000 after purchasing an additional 1,309 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

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.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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