Fox Factory Holding Corp Downgraded by Zacks to Neutral (FOXF)
Fox Factory Holding Corp (NASDAQ:FOXF) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $19.40 price objective on the stock. Zacks‘s price target points to a potential upside of 11.37% from the stock’s previous close.
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) traded down 1.04% during mid-day trading on Tuesday, hitting $17.21. The stock had a trading volume of 81,944 shares. Fox Factory Holding Corp has a one year low of $14.33 and a one year high of $20.75. The stock has a 50-day moving average of $17.46 and a 200-day moving average of $17.22. The company has a market cap of $630.0 million and a P/E ratio of 26.63.
Fox Factory Holding Corp (NASDAQ:FOXF) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03. The company had revenue of $56.10 million for the quarter, compared to the consensus estimate of $55.97 million. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Fox Factory Holding Corp will post $0.92 EPS for the current fiscal year.
Fox Factory Holding Corp is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, or side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (NASDAQ:FOXF), snowmobiles, specialty vehicles and applications, and motorcycles.
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