In a report released today, Joseph Altobello from Raymond James maintained a Buy rating on Marinemax (NYSE: HZO), with a price target of $28. The company’s shares opened today at $22.30.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 12.7% and a 62.9% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Malibu Boats, and Polaris.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marinemax with a $27.75 average price target, implying a 24.4% upside from current levels. In a report issued on October 26, IFS Securities, Inc also maintained a Buy rating on the stock with a $31 price target.
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Marinemax’s market cap is currently $495.3M and has a P/E ratio of 15.94. The company has a Price to Book ratio of 1.45.
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MarineMax, Inc. engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts, and fishing boats through retail stores. It also provides maintenance, repair, slip, and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.
