Fox Factory Holding Corp Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:FOXF)
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) have been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the company, Stock Ratings Network reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $20.85.
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) opened at 14.65 on Friday. Fox Factory Holding Corp has a one year low of $14.04 and a one year high of $20.75. The stock has a 50-day moving average of $16.45 and a 200-day moving average of $16.96. The company has a market cap of $536.3 million and a price-to-earnings ratio of 22.25.
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, July 31st. 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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