Thor Industries, Inc. [THO] stock is trading at $114.63, up 2.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The THO shares have gain 6.91% over the last week, with a monthly amount glided 8.91%, 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.
Thor Industries, Inc. [THO] stock has fluctuated between $84.54 and $129.31 over the past year. Currently, Wall Street analysts expect the stock to reach $96.33 within the next 12 months. Thor Industries, Inc. [NYSE: THO] shares were valued at $114.63 at the most recent close of the market. An investor can expect a potential drop of -15.96% based on the average THO price forecast.
Analyzing the THO fundamentals
Thor Industries, Inc. [NYSE:THO] reported sales of 10.04B for the trailing twelve months, which represents a drop of -7.42%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 112.49 points at the first support level, and at 110.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.19, and for the 2nd resistance point, it is at 117.74.
Ratios To Look Out For
For context, Thor Industries, Inc.’s Current Ratio is 1.69. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 23.19.
Transactions by insiders
Recent insider trading involved ZUHL COLLEEN A, Officer, that happened on Oct 16 ’24 when 4354.0 shares were purchased. SVP, CHIEF OPERATING OFFICER, WOELFER W. TODD completed a deal on Jan 23 ’24 to sell 3333.0 shares. Meanwhile, SVP, CHIEF OPERATING OFFICER WOELFER W. TODD sold 3333.0 shares on Jan 22 ’24.
