OneWater Marine Inc. (NASDAQ:ONEW) Given Average Rating of “Moderate Buy” by Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $32.40.

Several research analysts have issued reports on ONEW shares. Truist Financial decreased their target price on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of OneWater Marine in a research report on Friday, March 15th. KeyCorp increased their target price on OneWater Marine from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Finally, Stifel Nicolaus boosted their price target on OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th.

Hedge Funds Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently modified their holdings of ONEW. Point72 Hong Kong Ltd bought a new position in OneWater Marine in the first quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of OneWater Marine in the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of OneWater Marine by 875.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the company’s stock worth $34,000 after buying an additional 1,007 shares during the last quarter. UBS Group AG purchased a new position in shares of OneWater Marine in the second quarter worth approximately $43,000. Finally, Credit Suisse AG bought a new stake in OneWater Marine during the second quarter valued at approximately $44,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

OneWater Marine Stock Down 1.4 %

ONEW stock opened at $27.21 on Wednesday. The business has a 50 day moving average of $25.88 and a 200 day moving average of $26.76. The firm has a market cap of $434.54 million, a PE ratio of -7.03 and a beta of 2.49. OneWater Marine has a twelve month low of $21.78 and a twelve month high of $39.15. The company has a quick ratio of 0.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.13.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Thursday, February 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). The company had revenue of $364.01 million during the quarter, compared to analysts’ expectations of $370.33 million. OneWater Marine had a positive return on equity of 11.55% and a negative net margin of 2.83%. On average, research analysts forecast that OneWater Marine will post 3.58 EPS for the current fiscal year.

OneWater Marine Company Profile

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 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 services.