Reaffirmed: Malibu Boats (NASDAQ:MBUU) “Strong Buy” Rating Kept by Analysts at Raymond James; $61 Target in Place

September 8, 2018 - By Mark Babin

Malibu Boats, Inc. (NASDAQ:MBUU) Logo

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.39, from 1.15 in 2017Q4. It dived, 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.

Morgan Stanley holds 104,415 shares or 0% of its portfolio. California Public Employees Retirement Sys reported 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Goldman Sachs Gp Incorporated holds 0% or 89,306 shares in its portfolio. Vanguard Group Inc Inc accumulated 990,994 shares. Hood River Management Ltd Limited Liability Company reported 458,991 shares. Guggenheim Lc holds 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU) for 34,578 shares. Alphaone Investment Service Lc owns 2,415 shares. Putnam Invs Ltd Liability reported 0.01% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Hotchkis And Wiley Limited Liability Corporation holds 0% or 28,359 shares in its portfolio. Punch And Assocs Invest Management Incorporated holds 484,891 shares. Moreover, Wellington Mgmt Group Inc Ltd Liability Partnership has 0.01% invested in Malibu Boats, Inc. (NASDAQ:MBUU). California-based Los Angeles Cap Mgmt & Equity Inc has invested 0.01% in Malibu Boats, Inc. (NASDAQ:MBUU). Trexquant Ltd Partnership has 0.02% invested in Malibu Boats, Inc. (NASDAQ:MBUU) for 8,493 shares. Renaissance holds 0.02% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU) for 495,300 shares. Parametric Portfolio Assocs Limited Liability Corporation reported 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU).

Malibu Boats (NASDAQ:MBUU) Rating Reaffirmed

In a note issued to investors and clients on Friday, 7 September, The “Strong Buy” rating of Malibu Boats (NASDAQ:MBUU) shares was restate by Raymond James, who now has a $61 target price per share on the stock. Raymond James’s target price per share would suggest a possible upside of 16.43 % from the current price of the company.

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

Among 5 analysts covering Malibu Boats (NASDAQ:MBUU), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Malibu Boats has $62 highest and $4000 lowest target. $53.30’s average target is 1.74% above currents $52.39 stock price. Malibu Boats had 8 analyst reports since April 22, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained it with “Buy” rating and $4000 target in Sunday, April 22 report. The firm earned “Hold” rating on Thursday, May 3 by Wells Fargo. On Friday, September 7 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm has “Outperform” rating given on Thursday, May 3 by BMO Capital Markets. FBR Capital maintained the stock with “Neutral” rating in Friday, September 7 report. The stock has “Outperform” rating by Wells Fargo on Thursday, August 23. The rating was maintained by Raymond James on Friday, September 7 with “Strong Buy”. As per Thursday, May 3, the company rating was maintained by KeyBanc Capital Markets.

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: Seekingalpha.com which released: “Malibu Boats – Making Another Splashing Acquisition” on August 26, 2018, also Nasdaq.com with their article: “The All-New 2019 T23 is Truly Shattering the Status Quo” published on August 30, 2018, Nasdaq.com published: “Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Fourth Quarter and Full …” on August 27, 2018. More interesting news about Malibu Boats, Inc. (NASDAQ:MBUU) were released by: Globenewswire.com and their article: “Malibu Boats, Inc. Announces Upcoming Investor Day” published on August 30, 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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