Market

Malibu Boats Stock Earns IBD Composite Rating Upgrade To 97

On Wednesday, Malibu Boats (MBUU) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.

As consumer confidence continue to rise, Americans are spending on outdoor leisure products, such as boats and other marine products. Malibu Boats, which designs and makes sports boats, has benefited from the boating boom.

The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Is Malibu Boats A Buy?

Malibu Boats is currently forming a cup with handle, with an 89.37 entry. See if the stock can break out in heavy trade at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


See How IBD Helps You Make More Money In Stocks


 

The stock earns a 95 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 95% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The sports boat maker reported 61% earnings growth for Q3. Revenue growth increased 50%, up from 9% in the prior quarter. The company has now posted rising growth in each of the last three reports.

Malibu Boats stock earns the No. 2 rank among its peers in the Leisure-Products industry group. Brunswick (BC) is the top-ranked stock within the group.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button