B.Riley FBR Keeps Their Buy Rating on Malibu Boats (MBUU)


B.Riley FBR analyst Eric Wold maintained a Buy rating on Malibu Boats (MBUU) today and set a price target of $32.00. The company’s shares closed last Monday at $23.45, close to its 52-week low of $22.53.

According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -26.8% and a 16.5% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.

Malibu Boats has an analyst consensus of Strong Buy, with a price target consensus of $50.14, a 109.6% upside from current levels. In a report issued on March 20, SunTrust Robinson also maintained a Buy rating on the stock with a $35.00 price target.

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The company has a one-year high of $52.13 and a one-year low of $22.53. Currently, Malibu Boats has an average volume of 197.9K.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MBUU in relation to earlier this year. Last month, Ritchie Anderson, the COO of MBUU sold 20,970 shares for a total of $997,220.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and market of recreational powerboats. It offers performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands. It operates through the following segments: Malibu U.S., Malibu Australia, Cobalt, and Pursuit.

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