In a report issued on March 19, Eric Wold from B.Riley FBR maintained a Buy rating on Malibu Boats (MBUU), with a price target of $60. The company’s shares closed yesterday at $38.89.
According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.7% and a 37.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Malibu Boats has an analyst consensus of Strong Buy, with a price target consensus of $55.
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Based on Malibu Boats’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $14.26 million. In comparison, last year the company had a GAAP net loss of $6.38 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats, including performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, and Cobalt brands. It operates through the following segments: Malibu US, Malibu Australia, and Cobalt.
