OneWater Marine Inc. (NASDAQ:ONEW) Given Average Recommendation of “Moderate Buy” by Analysts

OneWater Marine Inc. (NASDAQ:ONEWGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.33.

A number of equities research analysts recently issued reports on ONEW shares. Truist Financial boosted their price objective on OneWater Marine from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. KeyCorp boosted their price objective on OneWater Marine from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Stifel Nicolaus boosted their price objective on OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, TheStreet cut OneWater Marine from a “c” rating to a “d+” rating in a research note on Thursday, November 16th.

Get Our Latest Stock Analysis on OneWater Marine

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ONEW. MTM Investment Management LLC purchased a new position in shares of OneWater Marine during the fourth quarter worth about $217,000. SG Americas Securities LLC grew its holdings in shares of OneWater Marine by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after purchasing an additional 1,350 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of OneWater Marine by 1.8% during the third 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. Deutsche Bank AG grew its holdings in shares of OneWater Marine by 22.6% during the third quarter. Deutsche Bank AG now owns 5,898 shares of the company’s stock worth $151,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of OneWater Marine by 11.6% during the third quarter. Royal Bank of Canada now owns 11,883 shares of the company’s stock worth $304,000 after purchasing an additional 1,237 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

OneWater Marine Trading Down 3.2 %

NASDAQ ONEW opened at $25.49 on Friday. The firm has a market capitalization of $407.08 million, a P/E ratio of -9.20 and a beta of 2.52. The business has a fifty day simple moving average of $29.75 and a 200 day simple moving average of $27.91. OneWater Marine has a 12 month low of $21.78 and a 12 month high of $39.15. The company has a current ratio of 1.32, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03.

OneWater Marine (NASDAQ:ONEWGet Free Report) last announced its earnings results on Thursday, November 16th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). OneWater Marine had a negative net margin of 1.99% and a positive return on equity of 14.14%. The business had revenue of $450.98 million for the quarter, compared to analysts’ expectations of $424.23 million. During the same period in the prior year, the business earned $1.28 earnings per share. On average, analysts predict that OneWater Marine will post 3.57 EPS for the current fiscal year.

About OneWater Marine

(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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