Peeling Back The Layers: Exploring OneWater Marine Through Analyst Insights


Across the recent three months, 4 analysts have shared their insights on OneWater Marine ONEW, expressing a variety of opinions spanning from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 1 0 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 1 1 0 0 0
3M Ago 1 0 0 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $32.0, a high estimate of $38.00, and a low estimate of $28.00. Observing a 1.59% increase, the current average has risen from the previous average price target of $31.50.

Interpreting Analyst Ratings: A Closer Look

The perception of OneWater Marine by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Michael Swartz Truist Securities Raises Buy $38.00 $30.00
Michael Swartz Truist Securities Raises Buy $30.00 $28.00
Brett Andress Keybanc Lowers Overweight $32.00 $36.00
Michael Swartz Truist Securities Lowers Buy $28.00 $32.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to OneWater Marine. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of OneWater Marine compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of OneWater Marine's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of OneWater Marine's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on OneWater Marine analyst ratings.

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Delving into OneWater Marine's Background

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: A Financial Overview

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: OneWater Marine displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 13.45%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.

Net Margin: OneWater Marine's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -21.92%, the company may face hurdles in effective cost management.

Return on Equity (ROE): OneWater Marine's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -24.42%, the company may face hurdles in achieving optimal financial returns.

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

Debt Management: OneWater Marine's debt-to-equity ratio is below the industry average. With a ratio of 3.02, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

The Basics of 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.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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

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