MarineMax Rating Increased to Buy at B. Riley (HZO)
MarineMax (NYSE:HZO) was upgraded by stock analysts at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on HZO. Analysts at TheStreet upgraded shares of MarineMax from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Finally, analysts at Zacks upgraded shares of MarineMax from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $11.60 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MarineMax has an average rating of “Buy” and a consensus price target of $12.20.
Shares of MarineMax (NYSE:HZO) opened at 12.93 on Monday. MarineMax has a 52-week low of $7.17 and a 52-week high of $14.18. The stock’s 50-day moving average is $12.19 and its 200-day moving average is $12.13. The company has a market cap of $303.3 million and a P/E ratio of 36.15.
MarineMax (NYSE:HZO) last released its earnings data on Thursday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.25. The company had revenue of $175.80 million for the quarter, compared to the consensus estimate of $171.04 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis.
MarineMax, Inc is a recreational boat dealer in the United States. Through 54 retail locations in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, the Company sells new and used recreational boats, including pleasure and fishing boats.
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