Brokerages Set OneWater Marine Inc. (NASDAQ:ONEW) Price Target at $32.40

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.40.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Truist Financial cut their price objective on OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. KeyCorp increased their price objective on OneWater Marine from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Finally, DA Davidson reiterated a “neutral” rating and set a $27.00 price objective on shares of OneWater Marine in a research report on Friday, March 15th.

Institutional Trading of OneWater Marine

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in shares of OneWater Marine during the 1st quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of OneWater Marine in the 4th quarter valued at approximately $29,000. Tower Research Capital LLC TRC raised its stake in shares of OneWater Marine by 875.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the company’s stock valued at $34,000 after acquiring an additional 1,007 shares in the last quarter. UBS Group AG bought a new position in shares of OneWater Marine in the 2nd quarter valued at approximately $43,000. Finally, Credit Suisse AG bought a new position in shares of OneWater Marine in the 2nd quarter valued at approximately $44,000. 94.32% of the stock is owned by institutional investors.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $25.60 on Wednesday. OneWater Marine has a 12-month low of $21.78 and a 12-month high of $39.15. The firm has a market capitalization of $408.83 million, a price-to-earnings ratio of -6.61 and a beta of 2.49. The business has a 50 day simple moving average of $25.86 and a 200 day simple moving average of $26.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). OneWater Marine had a positive return on equity of 11.55% and a negative net margin of 2.83%. The business had revenue of $364.01 million during the quarter, compared to the consensus estimate of $370.33 million. On average, equities research analysts anticipate that OneWater Marine will post 3.58 EPS for the current year.

About OneWater Marine

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.