Thor Industries Given New $50.00 Price Target at BMO Capital Markets (THO)
Equities research analysts at BMO Capital Markets decreased their price target on shares of Thor Industries (NYSE: THO) from $55.00 to $50.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock.
The analysts wrote, “THO reported 2Q13 EPS of $0.37, which was $0.03 below our $0.40 expectation and $0.01 below Street consensus of $0.38. Prior to the company’s 2/4/13 preliminary 2Q13 sales release, the Street consensus estimate was for EPS of $0.37. The company reported EPS of $0.25 in 2Q12. The market remains concerned about margin pressure emanating from a competitive RV market, and increasing channel inventories. However, we see a buying opportunity, as we think the company should be able to continue its pace of strong earnings growth despite near-term margin pressure.”
A number of other firms have also recently commented on THO. Analysts at Zacks downgraded shares of Thor Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th. They now have a $46.20 price target on the stock. Analysts at Argus reiterated a “buy” rating on shares of Thor Industries in a research note to investors on Wednesday, December 26th. They now have a $42.00 price target on the stock.
Five investment analysts have rated the stock with a buy rating, one has given an overweight rating, and one has issued a hold rating to the stock. Thor Industries presently has a consensus rating of “buy” and a consensus target price of $50.00.
Shares of Thor Industries traded up 1.27% during mid-day trading on Monday, hitting $38.21. Thor Industries has a 52 week low of $26.27 and a 52 week high of $45.75. The stock’s 50-day moving average is currently $39.04. The company has a market cap of $2.365 billion and a P/E ratio of 14.65.
Thor Industries last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.01. The company had revenue of $741.60 million for the quarter, compared to the consensus estimate of $715.73 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts predict that Thor Industries will post $2.90 earnings per share for the current fiscal year.
Thor Industries, Inc. (Thor) manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.