BMO Capital Reiterates a Hold Rating on Malibu Boats

By Jason Carr

In a report released today, Gerrick Johnson from BMO Capital reiterated a Hold rating on Malibu Boats (NASDAQ: MBUU), with a price target of $22. The company’s shares closed last Friday at $21.51, close to its 52-week high of $22.95.

According to, Johnson is a 4-star analyst with an average return of 8.0% and a 64.0% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Harley-Davidson.

Malibu Boats has an analyst consensus of Hold, with a price target consensus of $22.

The company has a one year high of $22.95 and a one year low of $11.38. Currently, Malibu Boats has an average volume of 138.4K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Last month, Wayne R. Wilson, the CFO of MBUU sold 35,000 shares for a total of $704,689.

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Malibu Boats, Inc. operates as a holding company, which engages in designing, manufacturing and marketing performance sport boats. The company’s boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. It sells performance boats under brands Malibu and Axis Wake Research. Malibu Boats was founded on November 1, 2013 and is headquartered in Loudon, TN.