What Analysts Are Saying About OneWater Marine Stock

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on OneWater Marine ONEW in the last three months.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $33.83, with a high estimate of $38.00 and a low estimate of $30.00. This upward trend is apparent, with the current average reflecting a 3.55% increase from the previous average price target of $32.67.

Investigating Analyst Ratings: An Elaborate Study

The analysis of recent analyst actions sheds light on the perception of OneWater Marine by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to OneWater Marine. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of OneWater Marine compared to the broader market.
• Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of OneWater Marine's market standing. Stay informed and make data-driven decisions with our Ratings Table.

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Get to Know OneWater Marine Better

OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segment- Dealerships and Distribution. Its dealer groups are located throughout the Southeast, Gulf Coast, Mid-Atlantic, and Northeast. The company's revenue profile is comprised of new boat sales, pre-owned boat sales, finance and insurance products, repair and maintenance services, and parts and accessories. Majority of revenue is generated from sale of new boats.

OneWater Marine's Financial Performance

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Over the 3 months period, OneWater Marine showcased positive performance, achieving a revenue growth rate of 13.45% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.

Net Margin: OneWater Marine's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -21.92%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): OneWater Marine's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -24.42%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): OneWater Marine's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -5.71%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: OneWater Marine's debt-to-equity ratio is below the industry average at 3.02, reflecting a lower dependency on debt financing and a more conservative financial approach.

What Are Analyst Ratings?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.