Analysts bullish on Malibu Boats stock

Posted on

Wells Fargo analysts are giving Malibu Boats stock an initial rating of “outperform,” estimating that shares offer up to a 20 percent total return, based on the bank’s 2015 estimates.

“Malibu’s ongoing product innovation, crossover interest from adjacent boat segments and geographic expansion against a positive back group of U.S. boat industry recovery fundamentals position this global leader in the performance sportboat segment for consistent share gains,” analysts wrote in a report issued Tuesday.

Wells Fargo projects that Malibu will see 11 to 12 percent annual revenue and EBITDA margin expansion toward 20 percent by fiscal year 2016. Analysts have set a valuation range of $20 to $22.

“We have to monitor the defensibility of the company’s intellectual property, but believe existing [and] pending patents and ongoing innovation position the company well versus key competitors,” the report said.

Malibu began trading publicly Jan. 31.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Where are your favorite home waters?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password