#4 - Thor Industries, Inc. (NYSE:THO)
Thor Industries, Inc. (NYSE: THO) - Thor Industries is the parent brand for Airstream Trailers. The company recently announced that they would be manufacturing two, entry-level models into the Airstream fleet. With the launch of the Bambi and the Caravel, the company is hoping to capture a younger market that may be new to the RV market. THO’s stock has been underperforming lately, and has declined almost 50% on a year-over-year basis. While it’s always difficult to time a market turnaround, SunTrust recently reaffirmed its “buy” rating for the stock and set a price target of $80 per share that would take the stock over 35 percent above its current value. The company came in below expectations for both earnings per share ($1.65 versus $1.66) and revenue ($2.51 billion versus $2.6 billion). What was more concerning is that the EPS was sharply down from the previous year’s reading of $2.53. Nonetheless, the company’s stock is garnering significant interest from hedge funds and institutional investors which is typically a strong indication that the stock is ready to grow.
About THOR Industries
THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.
Read More - Current Price
- $112.18
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $110.80 (1.2% Downside)
