SunTrust Banks, Inc. reiterated their buy rating on shares of Malibu Boats, Inc. (NASDAQ:MBUU) in a research note issued to investors on Friday morning. They currently have a $34.00 target price on the stock. SunTrust Banks also issued estimates for Malibu Boats’ Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.90 EPS and FY2019 earnings at $2.10 EPS.

A number of other research firms have also recently issued reports on MBUU. B. Riley cut shares of Malibu Boats to a neutral rating and set a $25.25 price target on the stock. in a research note on Saturday, September 2nd. KeyCorp reissued a buy rating and issued a $33.00 price target on shares of Malibu Boats in a research note on Friday. Zacks Investment Research cut shares of Malibu Boats from a buy rating to a hold rating in a research note on Wednesday, August 30th. BMO Capital Markets raised shares of Malibu Boats from a market perform rating to an outperform rating and lifted their price target for the company from $29.00 to $32.00 in a research note on Monday, September 11th. Finally, ValuEngine raised shares of Malibu Boats from a buy rating to a strong-buy rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $32.06.

Malibu Boats (NASDAQ MBUU) traded down $0.05 during trading on Friday, reaching $27.80. 404,200 shares of the company were exchanged, compared to its average volume of 186,133. Malibu Boats has a 1 year low of $16.66 and a 1 year high of $33.35. The firm has a market cap of $565.38, a PE ratio of 16.58, a P/E/G ratio of 0.97 and a beta of 1.02. The company has a quick ratio of 1.18, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The firm had revenue of $75.11 million for the quarter, compared to analysts’ expectations of $73.35 million. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. sell-side analysts predict that Malibu Boats will post 1.91 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Malibu Boats during the 2nd quarter worth $116,000. Susquehanna International Group LLP acquired a new stake in Malibu Boats during the 2nd quarter worth $200,000. Stevens Capital Management LP acquired a new stake in Malibu Boats during the 2nd quarter worth $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Malibu Boats during the 2nd quarter worth $211,000. Finally, Laurion Capital Management LP acquired a new stake in Malibu Boats during the 2nd quarter worth $211,000. 90.09% of the stock is currently owned by institutional investors.

Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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