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A report released today by Zacks Investment Research about Malibu Boats Inc (NASDAQ:MBUU) ups the target price to $28.00

Zacks Investment Research upped the price target of Malibu Boats Inc (NASDAQ:MBUU) to $28.00 stating a potential upside of 0.14%.

Showing a price of $24.61, Malibu Boats Inc (NASDAQ:MBUU) traded 1.86% higher on the day. With the last stock price up 13.62% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same period. Malibu Boats Inc has recorded a 50-day average of $26.80 and a two hundred day average of $24.58. Trading volume was up over the average, with 516,223 shares of MBUU changing hands over the typical 235,473

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Malibu Boats Inc (NASDAQ:MBUU)

Malibu Boats Inc has one year low of $14.12 and a one year high of $29.50 with a price-earnings ratio of 17.68 and has a total market value of $0.

A total of 6 brokers have issued a research note on the company. 2 brokers rating the stock a strong buy, five brokerages rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $20.00.

About Malibu Boats Inc (NASDAQ:MBUU)

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. Its Australia segment serves the Australian and New Zealand markets. The Company's boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. The Company sells its boats under Malibu and Axis Wake Research (Axis) brand names. The Company's boats are constructed of fiberglass, equipped with inboard propulsion systems and available in a range of sizes and hull designs. The Company also offers various accessories and aftermarket parts. The Company's boat models include Malibu M Series, Malibu Wakesetter, Malibu Response and Axis.

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