Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for MarineMax Inc (NYSE: HZO) improved during the last several trading days. HZO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
MarineMax Inc (NYSE: HZO) stock closed at $32.06 on 6/14/24 after a decline of -2.0%. However, exceptionally low trading volume at 49% of normal accompanied the decline. The stock has declined -7.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, HZO is expected to be Value Creation neutral.
MarineMax has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MarineMax has a good Appreciation Score of 74 but a very low Power Rating of 14, producing the Low Neutral Value Trend Rating.
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