Malibu Boats, Inc. (NASDAQ:MBUU)‘s stock had its “overweight” rating reiterated by investment analysts at KeyCorp in a research note issued to investors on Wednesday. They currently have a $31.00 price objective on the stock. KeyCorp’s price objective would indicate a potential upside of 16.54% from the stock’s current price.

Several other equities research analysts also recently commented on MBUU. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Malibu Boats in a report on Monday, May 8th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Saturday, August 12th. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of Malibu Boats in a report on Thursday, May 4th. Finally, Wunderlich cut Malibu Boats from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research note on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.21.

Shares of Malibu Boats (NASDAQ MBUU) traded up 1.43% during mid-day trading on Wednesday, reaching $26.98. The company had a trading volume of 180,001 shares. The stock has a 50 day moving average price of $27.39 and a 200 day moving average price of $24.02. The firm has a market capitalization of $483.75 million, a PE ratio of 21.58 and a beta of 0.98. Malibu Boats has a 12-month low of $12.91 and a 12-month high of $29.50.

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A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Malibu Boats by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 1,896,766 shares of the company’s stock worth $42,582,000 after buying an additional 27,494 shares during the period. Cooke & Bieler LP boosted its stake in Malibu Boats by 36.8% in the first quarter. Cooke & Bieler LP now owns 342,970 shares of the company’s stock worth $7,700,000 after buying an additional 92,190 shares during the period. TFS Capital LLC purchased a new stake in Malibu Boats during the first quarter worth approximately $762,000. Smith Asset Management Group LP purchased a new stake in Malibu Boats during the first quarter worth approximately $3,360,000. Finally, Bank of New York Mellon Corp boosted its stake in Malibu Boats by 65.1% in the first quarter. Bank of New York Mellon Corp now owns 112,720 shares of the company’s stock worth $2,530,000 after buying an additional 44,431 shares during the period.

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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