At the time of writing, Thor Industries, Inc. [THO] stock is trading at $109.47, up 6.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The THO shares have gain 4.01% over the last week, with a monthly amount glided 1.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup upgraded its rating to Buy on March 15, 2024, and elevated its price target to $122. On April 19, 2023, KeyBanc Capital Markets initiated with a Sector Weight rating. DA Davidson upgraded its rating to a Neutral and increased its price target to $85 on January 09, 2023. The Benchmark Company downgraded its rating to a Hold. Argus downgraded its rating to Hold for this stock on October 03, 2022. In a note dated May 19, 2022, DA Davidson downgraded an Underperform rating on this stock but restated the target price of $60.
For the past year, the stock price of Thor Industries, Inc. fluctuated between $84.54 and $129.31. Currently, Wall Street analysts expect the stock to reach $96.6 within the next 12 months. Thor Industries, Inc. [NYSE: THO] shares were valued at $109.47 at the most recent close of the market. An investor can expect a potential drop of -11.76% based on the average THO price forecast.
Analyzing the THO fundamentals
According to Thor Industries, Inc. [NYSE:THO], the company’s sales were 10.04B for trailing twelve months, which represents an -7.42% plunge. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 104.82 points at the first support level, and at 100.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.55, and for the 2nd resistance point, it is at 115.63.
Ratios To Look Out For
It is important to note that Thor Industries, Inc. [NYSE:THO] has a current ratio of 1.69. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 22.15.
Transactions by insiders
Recent insider trading involved WOELFER W. TODD, SVP, CHIEF OPERATING OFFICER, that happened on Jan 23 ’24 when 3333.0 shares were sold. SVP, CHIEF OPERATING OFFICER, WOELFER W. TODD completed a deal on Jan 22 ’24 to sell 3333.0 shares. Meanwhile, SVP, CHIEF OPERATING OFFICER WOELFER W. TODD sold 3334.0 shares on Jan 18 ’24.
