Winnebago Industries (NYSE:WGO) was upgraded by stock analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat Ratings reports.
A number of other research analysts have also weighed in on the company. Northcoast Research lowered Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, December 19th. ValuEngine upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and set a $53.00 price objective (up from $45.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Finally, Robert W. Baird restated an “outperform” rating and set a $60.00 price objective (up from $52.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.17.
Winnebago Industries (WGO) opened at $46.15 on Friday. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $58.65. The firm has a market capitalization of $1,359.63, a price-to-earnings ratio of 18.84 and a beta of 1.77. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 83.4% compared to the same quarter last year. sell-side analysts expect that Winnebago Industries will post 3.12 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in WGO. C M Bidwell & Associates Ltd. acquired a new stake in shares of Winnebago Industries during the 4th quarter worth $120,000. NEXT Financial Group Inc acquired a new stake in shares of Winnebago Industries during the 3rd quarter worth $124,000. Everence Capital Management Inc. acquired a new stake in shares of Winnebago Industries during the 4th quarter worth $207,000. Glenmede Trust Co. NA increased its holdings in shares of Winnebago Industries by 57.6% during the 4th quarter. Glenmede Trust Co. NA now owns 3,941 shares of the construction company’s stock worth $218,000 after buying an additional 1,440 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Winnebago Industries during the 3rd quarter worth $226,000. Institutional investors and hedge funds own 84.17% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Winnebago Industries (WGO) Upgraded to Buy by SunTrust Banks” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/18/winnebago-industries-wgo-upgraded-to-buy-by-suntrust-banks.html.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.