OneWater Marine (NASDAQ:ONEW) Stock Rating Reaffirmed by DA Davidson

OneWater Marine (NASDAQ:ONEWGet Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a research note issued to investors on Monday, Benzinga reports. They currently have a $27.00 price target on the stock. DA Davidson’s target price points to a potential upside of 3.89% from the company’s previous close.

A number of other equities research analysts have also recently commented on ONEW. Stifel Nicolaus raised their price target on OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. KeyCorp lifted their target price on OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Truist Financial reduced their target price on OneWater Marine from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, TheStreet cut OneWater Marine from a “c” rating to a “d+” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, OneWater Marine has an average rating of “Moderate Buy” and a consensus target price of $32.40.

View Our Latest Report on ONEW

OneWater Marine Price Performance

NASDAQ ONEW opened at $25.99 on Monday. The business’s fifty day moving average price is $29.71 and its 200-day moving average price is $27.53. The stock has a market capitalization of $415.06 million, a price-to-earnings ratio of -6.72 and a beta of 2.52. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.32 and a quick ratio of 0.41. OneWater Marine has a 1-year low of $21.78 and a 1-year high of $39.15.

OneWater Marine (NASDAQ:ONEWGet Free Report) last announced its earnings results on Thursday, November 16th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). OneWater Marine had a positive return on equity of 11.00% and a negative net margin of 2.83%. The company had revenue of $450.98 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period in the prior year, the business posted $1.28 earnings per share. On average, equities analysts predict that OneWater Marine will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On OneWater Marine

Several institutional investors and hedge funds have recently modified their holdings of ONEW. Royce & Associates LP boosted its holdings in OneWater Marine by 1.6% in the second quarter. Royce & Associates LP now owns 997,704 shares of the company’s stock valued at $36,157,000 after purchasing an additional 15,849 shares during the period. BlackRock Inc. grew its stake in OneWater Marine by 4.0% during the 2nd quarter. BlackRock Inc. now owns 810,660 shares of the company’s stock worth $29,378,000 after purchasing an additional 31,524 shares in the last quarter. Capital World Investors grew its stake in OneWater Marine by 42.7% during the 2nd quarter. Capital World Investors now owns 720,078 shares of the company’s stock worth $26,096,000 after purchasing an additional 215,474 shares in the last quarter. Private Management Group Inc. grew its stake in OneWater Marine by 3.7% during the 4th quarter. Private Management Group Inc. now owns 611,736 shares of the company’s stock worth $20,671,000 after purchasing an additional 22,075 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in OneWater Marine by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 557,989 shares of the company’s stock worth $14,296,000 after purchasing an additional 9,639 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

OneWater Marine Company Profile

(Get Free Report)

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.

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Analyst Recommendations for OneWater Marine (NASDAQ:ONEW)

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