Robert W. Baird analyst Craig Kennison maintained a Buy rating on Malibu Boats (NASDAQ:MBUU) on Thursday, setting a price target of $90, which is approximately 20.50% above the present share price of $74.69.
Kennison expects Malibu Boats to post earnings per share (EPS) of $1.62 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Malibu Boats, with an average price target of $93.6.
The analysts price targets range from a high of $103 to a low of $87.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $273.16 million and a net profit of $46.87 million. The company's market cap is $1.56 billion.
According to TipRanks.com, Robert W. Baird analyst Craig Kennison is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.1% and a 62.81% 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.