Malibu Boats (NASDAQ:MBUU) Downgraded to Sell at BidaskClub

Share on StockTwits

BidaskClub cut shares of Malibu Boats (NASDAQ:MBUU) from a hold rating to a sell rating in a research report sent to investors on Saturday, June 1st, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Malibu Boats from a hold rating to a buy rating and set a $50.00 price objective for the company in a report on Tuesday, February 12th. ValuEngine cut shares of Malibu Boats from a hold rating to a sell rating in a report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $55.83.

Shares of MBUU stock opened at $37.39 on Friday. The stock has a market cap of $779.08 million, a price-to-earnings ratio of 14.84, a PEG ratio of 1.05 and a beta of 1.86. Malibu Boats has a 12 month low of $32.09 and a 12 month high of $59.57. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, May 9th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $199.92 million for the quarter, compared to the consensus estimate of $188.31 million. Malibu Boats had a net margin of 9.41% and a return on equity of 44.85%. The business’s revenue was up 42.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. On average, research analysts anticipate that Malibu Boats will post 3.55 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of MBUU. AlphaOne Investment Services LLC boosted its holdings in shares of Malibu Boats by 65.3% in the 4th quarter. AlphaOne Investment Services LLC now owns 866 shares of the company’s stock valued at $30,000 after buying an additional 342 shares in the last quarter. US Bancorp DE raised its position in Malibu Boats by 51.9% in the 1st quarter. US Bancorp DE now owns 1,191 shares of the company’s stock valued at $47,000 after purchasing an additional 407 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Malibu Boats by 93.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,844 shares of the company’s stock valued at $73,000 after purchasing an additional 893 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Malibu Boats in the 4th quarter valued at $104,000. Finally, BNP Paribas Arbitrage SA raised its position in Malibu Boats by 1,412.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,642 shares of the company’s stock valued at $184,000 after purchasing an additional 4,335 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

See Also: Current Ratio

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.