KeyCorp Reiterates “$40.00” Price Target for OneWater Marine (NASDAQ:ONEW)

KeyCorp set a $40.00 price target on OneWater Marine (NASDAQ:ONEWGet Rating) in a research report report published on Tuesday, Stock Target Advisor reports.

ONEW has been the subject of a number of other research reports. Stifel Nicolaus cut their price target on shares of OneWater Marine from $62.00 to $52.00 in a report on Monday, April 25th. Truist Financial cut their target price on OneWater Marine from $62.00 to $48.00 in a research report on Thursday, April 7th. Finally, Robert W. Baird cut their target price on OneWater Marine from $70.00 to $60.00 in a research report on Friday, May 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $52.83.

OneWater Marine Stock Up 2.4 %

Shares of NASDAQ ONEW opened at $34.25 on Tuesday. The company has a 50 day simple moving average of $33.57 and a 200-day simple moving average of $40.10. The company has a market capitalization of $523.41 million, a P/E ratio of 4.09 and a beta of 2.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.17 and a quick ratio of 0.51. OneWater Marine has a 1 year low of $29.86 and a 1 year high of $62.79.

OneWater Marine (NASDAQ:ONEWGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.45. The business had revenue of $442.13 million during the quarter, compared to the consensus estimate of $409.30 million. OneWater Marine had a net margin of 7.32% and a return on equity of 37.41%. During the same quarter last year, the firm earned $1.83 EPS. On average, equities research analysts predict that OneWater Marine will post 8.9 earnings per share for the current year.

Hedge Funds Weigh In On OneWater Marine

Several institutional investors have recently modified their holdings of ONEW. Point72 Hong Kong Ltd acquired a new position in shares of OneWater Marine in the first quarter worth $25,000. Koshinski Asset Management Inc. grew its holdings in OneWater Marine by 55.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,306 shares of the company’s stock worth $45,000 after acquiring an additional 465 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $58,000. Amalgamated Bank purchased a new stake in shares of OneWater Marine in the 1st quarter valued at approximately $58,000. Finally, Quantbot Technologies LP purchased a new stake in shares of OneWater Marine in the 1st quarter valued at approximately $82,000. Institutional investors and hedge funds own 62.56% of the company’s stock.

About OneWater Marine

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OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It also provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

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Analyst Recommendations for OneWater Marine (NASDAQ:ONEW)

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