Malibu Boats (NASDAQ:MBUU)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a research note issued to investors on Friday, Stock Target Advisor reports. They presently have a $52.00 target price on the stock. B. Riley’s target price indicates a potential upside of 36.73% from the stock’s current price.

MBUU has been the topic of a number of other research reports. Raymond James downgraded Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. KeyCorp dropped their price objective on Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Co set a $40.00 price objective on Malibu Boats and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets dropped their price objective on Malibu Boats from $62.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, BidaskClub upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.17.

NASDAQ:MBUU traded up $0.05 during midday trading on Friday, hitting $38.03. 208,900 shares of the company traded hands, compared to its average volume of 244,399. Malibu Boats has a 12-month low of $24.79 and a 12-month high of $49.11. The firm’s fifty day moving average is $32.86 and its 200-day moving average is $34.08. The firm has a market capitalization of $777.26 million, a P/E ratio of 10.36, a P/E/G ratio of 0.99 and a beta of 1.80. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.53.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.13. Malibu Boats had a return on equity of 42.48% and a net margin of 9.64%. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $149.98 million. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, research analysts expect that Malibu Boats will post 3.84 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its stake in Malibu Boats by 111.1% in the second quarter. Advisor Group Inc. now owns 859 shares of the company’s stock valued at $33,000 after buying an additional 452 shares during the last quarter. Aperio Group LLC purchased a new stake in Malibu Boats in the second quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Malibu Boats in the second quarter valued at about $68,000. SG Americas Securities LLC purchased a new stake in Malibu Boats in the third quarter valued at about $146,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Malibu Boats in the second quarter valued at about $224,000.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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