Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Malibu Boats (MBUU) Stock Price

News headlines about Malibu Boats (NASDAQ:MBUU) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Malibu Boats earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.4257844275862 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

MBUU has been the subject of several research reports. BMO Capital Markets raised their target price on Malibu Boats from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. KeyCorp reiterated a “buy” rating and set a $33.00 price target on shares of Malibu Boats in a research note on Friday, November 10th. Wells Fargo & Co reiterated an “outperform” rating and set a $36.00 price target (up previously from $30.00) on shares of Malibu Boats in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Saturday, November 11th. Finally, SunTrust Banks reiterated a “buy” rating and set a $34.00 price target on shares of Malibu Boats in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.44.

Malibu Boats (NASDAQ:MBUU) opened at $29.08 on Wednesday. The stock has a market capitalization of $606.33, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. Malibu Boats has a 12 month low of $17.17 and a 12 month high of $33.35.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. equities research analysts expect that Malibu Boats will post 1.96 earnings per share for the current fiscal year.

In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Wayne R. Wilson sold 35,000 shares of Malibu Boats stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 131,497 shares of company stock valued at $3,964,297 in the last quarter. Company insiders own 3.50% of the company’s stock.

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About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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