KeyCorp Lowers Malibu Boats (NASDAQ:MBUU) Price Target to $48.00

Malibu Boats (NASDAQ:MBUU) had its price target cut by analysts at KeyCorp from $53.00 to $48.00 in a report issued on Monday, The Fly reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 50.09% from the company’s previous close.

MBUU has been the topic of a number of other research reports. ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Raymond James upped their target price on shares of Franco Nevada from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Monday. SunTrust Banks lowered their target price on shares of Malibu Boats to $48.00 and set a “buy” rating on the stock in a report on Monday, June 17th. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research lowered shares of Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.29.

MBUU stock opened at $31.98 on Monday. The company has a market cap of $672.09 million, a PE ratio of 12.69, a PEG ratio of 0.87 and a beta of 1.82. The stock’s 50-day moving average is $37.50. The company has a quick ratio of 0.72, a current ratio of 1.61 and a debt-to-equity ratio of 0.68. Malibu Boats has a 1 year low of $30.64 and a 1 year high of $59.57.



Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, May 9th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. The company had revenue of $199.92 million for the quarter, compared to analysts’ expectations of $188.31 million. Malibu Boats had a net margin of 9.41% and a return on equity of 44.85%. The business’s revenue was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, research analysts forecast that Malibu Boats will post 3.55 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of MBUU. Hillcrest Asset Management LLC raised its holdings in shares of Malibu Boats by 35.2% in the 1st quarter. Hillcrest Asset Management LLC now owns 282,596 shares of the company’s stock worth $11,185,000 after acquiring an additional 73,565 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Malibu Boats by 5.6% in the 4th quarter. Macquarie Group Ltd. now owns 1,266,606 shares of the company’s stock worth $44,077,000 after acquiring an additional 67,617 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Malibu Boats by 3.3% in the 4th quarter. BlackRock Inc. now owns 1,637,655 shares of the company’s stock worth $56,990,000 after acquiring an additional 52,004 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Malibu Boats by 88.7% in the 4th quarter. Deutsche Bank AG now owns 108,846 shares of the company’s stock worth $3,786,000 after acquiring an additional 51,162 shares during the last quarter. Finally, Clark Capital Management Group Inc. acquired a new stake in shares of Malibu Boats in the 1st quarter worth about $1,625,000. Institutional investors own 99.64% of the company’s stock.

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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The Fly

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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