B.Riley Financial analyst Eric Wold reiterated a Buy rating on Malibu Boats (NASDAQ:MBUU) on Monday, setting a price target of $80, which is approximately 43.55% above the present share price of $55.73.
Wold expects Malibu Boats to post earnings per share (EPS) of $0.30 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Malibu Boats, with an average price target of $68.57.
The analysts price targets range from a high of $80 to a low of $56.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $118.66 million and a net profit of $8.91 million. The company's market cap is $1.15 billion.
According to TipRanks.com, B.Riley Financial analyst Eric Wold is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.1% and a 40.20% success rate.
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. The Malibu U.S. segment serves markets in North America, South America, Europe, and Asia. The Malibu Australia segment covers the Australian, and New Zealand markets. The Cobalt segment offers Cobalt boats throughout the world. The Pursuit segment involves in the distribution and sale of Pursuit boats throughout the world. The company was founded in 1982 and is headquartered in Loudon, TN.