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.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Click here to Register!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

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Your email address will not be published.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

Should there be new boating-safety regulations after the three-boat crash in Florida?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password