Thor Industries’s “Buy” Rating Reaffirmed at Citigroup Inc. (THO)
Thor Industries (NYSE:THO)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Thursday. They currently have a $59.00 target price on the stock, down from their previous target price of $68.00. Citigroup Inc.’s price target points to a potential upside of 15.51% from the company’s current price.
Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Thor Industries in a research note on Tuesday. They now have a $64.00 price target on the stock, down previously from $72.00. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $55.00.
Thor Industries (NYSE:THO) traded up 0.14% on Thursday, hitting $51.15. 304,669 shares of the company’s stock traded hands. Thor Industries has a 1-year low of $48.24 and a 1-year high of $64.71. The stock has a 50-day moving average of $54.70 and a 200-day moving average of $57.31. The company has a market cap of $2.727 billion and a P/E ratio of 15.94.
Thor Industries (NYSE:THO) last released its earnings data on Thursday, June 5th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Thor Industries will post $3.30 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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