Malibu Boats (NASDAQ:MBUU): BMO Capital Reiterates “Outperform” Rating Today, Has a Target of $62/Share

September 8, 2018 - By Matthew Richard

Malibu Boats, Inc. (NASDAQ:MBUU) Logo

Investors sentiment decreased to 0.76 in Q1 2018. Its down 0.39, from 1.15 in 2017Q4. It dropped, as 22 investors sold Malibu Boats, Inc. shares while 48 reduced holdings. 19 funds opened positions while 34 raised stakes. 20.10 million shares or 1.05% less from 20.31 million shares in 2017Q4 were reported.

Neuberger Berman Grp Inc Limited Liability accumulated 35,800 shares. Schwab Charles Inv Management holds 97,737 shares. Victory Incorporated holds 0% or 48,487 shares in its portfolio. The Oregon-based Hood River Mgmt Ltd has invested 0.86% in Malibu Boats, Inc. (NASDAQ:MBUU). Cooke Bieler Lp stated it has 0.26% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Putnam Investments Llc invested in 0.01% or 114,240 shares. Sei Invests Communication holds 0.01% or 47,212 shares in its portfolio. Fny Managed Accounts stated it has 85 shares or 0% of all its holdings. Arrowmark Colorado has invested 0.24% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Alphaone Inv Lc accumulated 2,415 shares. Northern Corporation reported 0% in Malibu Boats, Inc. (NASDAQ:MBUU). Deutsche Bankshares Ag owns 87,110 shares. Jpmorgan Chase has 0.01% invested in Malibu Boats, Inc. (NASDAQ:MBUU). Tiaa Cref Invest Mngmt owns 48,280 shares. Ativo Cap Mgmt Limited Liability stated it has 0.45% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU).

Malibu Boats (NASDAQ:MBUU) Rating Reaffirmed

BMO Capital now has a $62 PT on the $1.13B market cap company or 18.34 % upside potential. In analysts note revealed to clients and investors on 7 September, Malibu Boats (NASDAQ:MBUU) shares have had their “Outperform” Rating restate by equity analysts at BMO Capital.

Malibu Boats, Inc. (NASDAQ:MBUU) Ratings Coverage

Among 3 analysts covering Malibu Boats (NASDAQ:MBUU), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Malibu Boats has $51 highest and $4000 lowest target. $48.33’s average target is -7.75% below currents $52.39 stock price. Malibu Boats had 5 analyst reports since April 22, 2018 according to SRatingsIntel. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, May 3. Wells Fargo upgraded Malibu Boats, Inc. (NASDAQ:MBUU) rating on Thursday, August 23. Wells Fargo has “Outperform” rating and $51 target. As per Sunday, April 22, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Thursday, May 3 by BMO Capital Markets. Wells Fargo downgraded the stock to “Hold” rating in Thursday, May 3 report.

The stock decreased 0.06% or $0.03 during the last trading session, reaching $52.39. About 347,767 shares traded or 131.07% up from the average. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 82.35% since September 8, 2017 and is uptrending. It has outperformed by 69.78% the S&P500.

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company has market cap of $1.13 billion. The firm offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. It has a 38.52 P/E ratio. The Company’s boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

More notable recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Nasdaq.com which released: “Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Fourth Quarter and Full …” on August 27, 2018, also Seekingalpha.com with their article: “Malibu Boats – Making Another Splashing Acquisition” published on August 26, 2018, Benzinga.com published: “Earnings Scheduled For September 6, 2018” on September 06, 2018. More interesting news about Malibu Boats, Inc. (NASDAQ:MBUU) were released by: Globenewswire.com and their article: “Malibu Gx Tower” published on August 23, 2018 as well as Nasdaq.com‘s news article titled: “Malibu Boats Welcomes TV Personalities Bill and Giuliana Rancic As Ambassadors” with publication date: September 05, 2018.

Malibu Boats, Inc. (NASDAQ:MBUU) Institutional Positions Chart

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