Thor Industries Rating Increased to Buy at Ned Davis Research (THO)
Thor Industries (NYSE:THO) was upgraded by equities researchers at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, StockRatingsNetwork.com reports.
Thor Industries (NYSE:THO) traded down 0.11% during mid-day trading on Tuesday, hitting $54.04. 107,711 shares of the company’s stock traded hands. Thor Industries has a 1-year low of $34.51 and a 1-year high of $59.94. The stock’s 50-day moving average is $54.01 and its 200-day moving average is $54.1. The company has a market cap of $2.880 billion and a price-to-earnings ratio of 17.63.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, December 2nd. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $844.74 million. During the same quarter last year, the company posted $0.60 earnings per share. Thor Industries’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Thor Industries will post $3.49 earnings per share for the current fiscal year.
Thor Industries, Inc (NYSE:THO)manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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