After B.Riley FBR and BMO Capital gave Malibu Boats (NASDAQ: MBUU) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Tim Conder maintained a Buy rating on Malibu Boats yesterday. The company’s shares closed last Monday at $28.45, close to its 52-week low of $24.79.
Conder has an average return of 16.0% when recommending Malibu Boats.
According to TipRanks.com, Conder is ranked #1840 out of 5263 analysts.
Currently, the analyst consensus on Malibu Boats is a Strong Buy with an average price target of $49.25, which is a 75.9% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $52 price target.
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Malibu Boats’ market cap is currently $593.2M and has a P/E ratio of 10.06. The company has a Price to Book ratio of 3.22.
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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.
