Thor Industries Inc. (NYSE: THO) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minor negative changes in fundamentals have impacted Thor Industries Inc. (NYSE: THO). Negative developments: significant quarterly sales deceleration occurred, and the consensus estimate for July, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
THO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Thor Industries has a current Value Trend Rating of A (Highest Rating). This VT Rating improved modestly in recent days from B previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Thor Industries has a slightly positive Appreciation Score of 67 and a good Power Rating of 84, resulting in the Highest Value Trend Rating.
Recent Price Action
Thor Industries Inc. (NYSE: THO) stock closed at $105.11 on 3/8/24 after a modest decline of -1.3%. Moreover, trading volume in this decline was unusually high at 171% of normal. The stock has been strong relative to the market over the last nine months but has declined -18.0% during the last week.
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