Raymond James analyst Joseph Altobello maintained a Buy rating on Malibu Boats (MBUU) today. The company’s shares closed last Tuesday at $75.38, close to its 52-week high of $81.81.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 18.4% and a 66.9% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Church & Dwight.
Currently, the analyst consensus on Malibu Boats is a Strong Buy with an average price target of $85.25, a 6.3% upside from current levels. In a report issued on January 27, Truist Financial also maintained a Buy rating on the stock with a $82.00 price target.
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The company has a one-year high of $81.81 and a one-year low of $18.02. Currently, Malibu Boats has an average volume of 200.1K.
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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. The Malibu U.S. segment serves markets in North America, South America, Europe, and Asia. The Malibu Australia segment covers the Australian, and New Zealand markets. The Cobalt segment offers Cobalt boats throughout the world. The Pursuit segment involves in the distribution and sale of Pursuit boats throughout the world. The company was founded in 1982 and is headquartered in Loudon, TN.
