| Tuesday | ||||
Raymond James analyst… Raymond James analyst Joseph Altobello upgraded MarineMax to Outperform from Market Perform with a $23 price target. Though much of the selling season remains ahead and month-to-month results could be choppy, Altobello says his improved outlook on the industry and the potential for further upward guidance revisions, along with an attractive valuation, leads to a more constructive view of the stock. | ||||
Raymond James analyst… Raymond James analyst Joseph Altobello upgraded MarineMax to Outperform from Market Perform with a $23 price target. | ||||
| Over a month ago | ||||
SunTrust analyst Michael… SunTrust analyst Michael Swartz raised his price target on MarineMax to $26 and kept his Buy rating. The analyst cites the company's "solid" Q1 earnings beat and improving inventory situation after a "rocky" 2019, saying the risk-reward on the stock looks "particularly compelling" given the potential for margin upside over FY20. | ||||
MarineMax is up 20.2%, or… MarineMax is up 20.2%, or $3.52 to $20.95. | ||||
FY20 consensus $1.63. | ||||
Reports Q1 revenue… Reports Q1 revenue $304.2M, may not compare to consensus $260.33M. Same-store sales were up over 24%, in the quarter, supported almost entirely by similar growth in units sold. | |
Group Meeting to be held… Group Meeting to be held in Orlando, FL on January 14 hosted by SunTrust. | |
Group Meeting to be held… Group Meeting to be held in Orlando, FL on January 14 hosted by SunTrust. |
| Over a quarter ago | ||||
As previously reported,… As previously reported, Longbow analyst David MacGregor downgraded MarineMax to Neutral from Buy citing "slowing fundamentals" following the company's Q4 results. He is concerned that 2020 could be a "pause-year" for the recreational marine business and that destocking in the channel could lead to "irrational discounting by competitors" and promotions that threaten margins, MacGregor told investors in his downgrade note. If retail demand improves, he would not hesitate to become more constructive, the analyst added. | ||||
Longbow analyst David… Longbow analyst David MacGregor downgraded MarineMax to Neutral from Buy citing "slowing fundamentals" following the company's Q4 results. | ||||