Is Thor Industries Inc (NYSE:THO) Now a Sell? Why did Gabelli Downgrade The Stock?


Thor Industries Inc (NYSE:THO) Receives a Downgrade

It appears that trading for shares of Thor Industries Inc (NYSE:THO) will be interesting to watch today. Gabelli downgraded the stock from their past “Buy” rating to a more current “Hold”.

From a total of 7 analysts covering Thor Industries Inc (NYSE:THO) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 73% of the ratings are positive. Thor Industries Inc was the topic of 2 analyst reports since September 29, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 2 with “Buy” rating.

Approximately 241,462 shares of stock traded hands. Thor Industries, Inc. (NYSE:THO) has declined 1.45% since April 29, 2015 and is downtrending. It has underperformed by 1.25% the S&P500.

Analysts await Thor Industries, Inc. (NYSE:THO) to reports earnings on December, 7. They expect $0.84 EPS, up 15.07% or $0.11 from last year’s $0.73 per share. THO’s profit will be $44.04 million for 17.65 P/E if the $0.84 EPS becomes reality. After $1.31 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -35.88% negative EPS growth.

Thor Industries, Inc. , manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The company has a market cap of $3.11 billion. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. It has 14.73 P/E ratio. In addition, it also produces truck and folding campers and equestrian, and other specialty towable recreational vehicles, as well as Class A, Class C and Class B motorhomes.

According to Zacks Investment Research, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.” Get a free copy of the Zacks research report on Thor Industries, Inc. (THO).