B.Riley FBR Sticks to Their Buy Rating for Malibu Boats (MBUU)

By Ryan Adsit

B.Riley FBR analyst Eric Wold reiterated a Buy rating on Malibu Boats (MBUUResearch Report) today and set a price target of $52.00. The company’s shares closed last Monday at $37.98.

According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -5.1% and a 36.2% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.

Malibu Boats has an analyst consensus of Strong Buy, with a price target consensus of $49.00, a 28.9% upside from current levels. In a report issued on November 8, SunTrust Robinson also maintained a Buy rating on the stock with a $48.00 price target.

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Malibu Boats’ market cap is currently $777.3M and has a P/E ratio of 11.29. The company has a Price to Book ratio of 3.75.

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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.