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Fox Factory Holding Corp (NASDAQ:FOXF) has been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.85.

Fox Factory Holding Corp (NASDAQ:FOXF) traded down 2.49% during mid-day trading on Friday, hitting $14.51. 30,929 shares of the company’s stock traded hands. Fox Factory Holding Corp has a 52 week low of $14.33 and a 52 week high of $20.75. The stock has a 50-day moving average of $16.64 and a 200-day moving average of $17.00. The company has a market cap of $531.1 million and a price-to-earnings ratio of 22.79.

Fox Factory Holding Corp (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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. Fox Factory Holding Corp’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that Fox Factory Holding Corp will post $0.91 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Fox Factory Holding Corp in a research note on Thursday. They set a “buy” rating and a $20.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Fox Factory Holding Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $19.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Fox Factory Holding Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $19.40 price target on the stock.

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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