Brokerages Set Winnebago Industries Inc. (WGO) Price Target at $31.50
Shares of Winnebago Industries Inc. (NYSE:WGO) have earned an average rating of “Hold” from the eight research firms that are covering the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.50.
A number of brokerages have recently issued reports on WGO. BMO Capital Markets raised their target price on shares of Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Robert W. Baird upgraded shares of Winnebago Industries from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $25.00 to $30.00 in a research report on Monday, October 3rd. Finally, Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th.
Shares of Winnebago Industries (NYSE:WGO) opened at 27.89 on Friday. The firm has a market capitalization of $750.05 million, a PE ratio of 17.11 and a beta of 2.11. The stock has a 50 day moving average of $24.42 and a 200-day moving average of $22.71. Winnebago Industries has a 12 month low of $15.41 and a 12 month high of $30.60.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock worth $201,000 after buying an additional 4,144 shares during the period. Prudential Financial Inc. raised its stake in shares of Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock valued at $1,845,000 after buying an additional 19,409 shares during the last quarter. HL Financial Services LLC raised its stake in shares of Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock valued at $2,041,000 after buying an additional 9,032 shares during the last quarter. Boston Partners raised its stake in shares of Winnebago Industries by 2.4% in the second quarter. Boston Partners now owns 225,483 shares of the company’s stock valued at $5,168,000 after buying an additional 5,212 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Winnebago Industries by 217.4% in the second quarter. GSA Capital Partners LLP now owns 40,586 shares of the company’s stock valued at $930,000 after buying an additional 27,800 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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