BMO Capital Markets Reiterates Outperform Rating for Thor Industries (THO)
Thor Industries (NYSE:THO)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Tuesday. They currently have a $64.00 target price on the stock, down from their previous target price of $72.00. BMO Capital Markets’ target price would suggest a potential upside of 19.72% from the company’s current price.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Thor Industries in a research note on Tuesday, June 17th. They now have a $68.00 price target on the stock, down previously from $69.00. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Thor Industries currently has a consensus rating of “Buy” and a consensus price target of $57.25.
Thor Industries (NYSE:THO) traded down 5.42% on Tuesday, hitting $50.56. 896,366 shares of the company’s stock traded hands. Thor Industries has a 52 week low of $48.24 and a 52 week high of $64.71. The stock’s 50-day moving average is $55.17 and its 200-day moving average is $57.42. The company has a market cap of $2.695 billion and a price-to-earnings ratio of 16.69.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.08 by $0.05. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.82 earnings per share. Thor Industries’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Thor Industries will post $3.34 EPS 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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