Ned Davis Research Upgrades Thor Industries to Buy (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 Monday, Analyst Ratings Net reports.
Thor Industries (NYSE:THO) traded down 1.15% during mid-day trading on Monday, hitting $51.80. 182,275 shares of the company’s stock traded hands. Thor Industries has a one year low of $34.51 and a one year high of $59.94. The stock has a 50-day moving average of $53.39 and a 200-day moving average of $54.24. The company has a market cap of $2.761 billion and a P/E ratio of 17.08.
Thor Industries (NYSE:THO) last released its earnings data 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 $3.46 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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