KeyCorp Lowers OneWater Marine (NASDAQ:ONEW) Price Target to $30.00

OneWater Marine (NASDAQ:ONEW) had its price objective trimmed by KeyCorp from $34.00 to $30.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

ONEW has been the topic of several other research reports. Stifel Nicolaus boosted their price target on shares of OneWater Marine from $32.00 to $34.00 and gave the company a buy rating in a report on Wednesday, January 17th. Truist Financial dropped their price target on shares of OneWater Marine from $38.00 to $35.00 and set a buy rating for the company in a research report on Friday, February 2nd. Finally, DA Davidson reaffirmed a neutral rating and set a $27.00 price objective on shares of OneWater Marine in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $31.60.

OneWater Marine Stock Performance

ONEW stock traded down $0.31 during trading on Friday, reaching $22.68. 81,576 shares of the stock were exchanged, compared to its average volume of 97,411. OneWater Marine has a twelve month low of $20.07 and a twelve month high of $39.15. The company has a current ratio of 1.27, a quick ratio of 0.26 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $362.20 million, a P/E ratio of -3.98 and a beta of 2.55. The stock has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $26.60.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.08). The firm had revenue of $364.01 million for the quarter, compared to analyst estimates of $370.33 million. OneWater Marine had a positive return on equity of 8.90% and a negative net margin of 4.29%. As a group, sell-side analysts anticipate that OneWater Marine will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently bought and sold shares of ONEW. GAMMA Investing LLC bought a new stake in shares of OneWater Marine during the fourth quarter worth $29,000. Bank of New York Mellon Corp increased its position in OneWater Marine by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 92,289 shares of the company’s stock valued at $2,364,000 after acquiring an additional 1,108 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of OneWater Marine by 27.3% in the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after acquiring an additional 1,350 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of OneWater Marine by 319.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of OneWater Marine by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after purchasing an additional 3,770 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors.

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.