Malibu Boats (NASDAQ:MBUU – Get Rating) had its price objective reduced by investment analysts at KeyCorp from $94.00 to $80.00 in a research report issued on Thursday, The Fly reports. KeyCorp’s price target would indicate a potential upside of 43.63% from the stock’s previous close.
MBUU has been the subject of a number of other reports. Raymond James raised their price target on Malibu Boats from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 9th. Truist Financial cut their price target on Malibu Boats from $88.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, January 26th. Zacks Investment Research raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, February 15th. Robert W. Baird cut their price target on Malibu Boats from $80.00 to $70.00 in a report on Wednesday. Finally, StockNews.com started coverage on Malibu Boats in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.86.
MBUU stock opened at $55.70 on Thursday. The firm has a market cap of $1.16 billion, a PE ratio of 9.44 and a beta of 1.61. The company has a quick ratio of 0.39, a current ratio of 1.14 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $55.90 and a 200-day moving average of $63.99. Malibu Boats has a 12-month low of $48.51 and a 12-month high of $86.65.
Several hedge funds and other institutional investors have recently bought and sold shares of MBUU. Selective Wealth Management Inc. bought a new stake in shares of Malibu Boats in the fourth quarter worth about $27,000. Captrust Financial Advisors grew its stake in shares of Malibu Boats by 135.1% in the third quarter. Captrust Financial Advisors now owns 1,900 shares of the company’s stock worth $133,000 after purchasing an additional 1,092 shares during the last quarter. FourThought Financial LLC bought a new stake in shares of Malibu Boats in the third quarter worth about $146,000. Advisor Group Holdings Inc. grew its stake in shares of Malibu Boats by 13.4% in the third quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the company’s stock worth $203,000 after purchasing an additional 345 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new stake in shares of Malibu Boats in the first quarter worth about $208,000. 92.42% of the stock is currently owned by institutional investors.
About Malibu Boats (Get Rating)
Malibu Boats, Inc engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.
- Get a free copy of the StockNews.com research report on Malibu Boats (MBUU)
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