Exceptional Growth Sends Thor Soaring
Some businesses go through cyclical booms during which they can experience monumental gains in their stock price. Thor Industries (NYSE: THO) has enjoyed such a period for more than a year now, as the recreational vehicle market took off in 2016 and has continued to see impressive performance. With rising demand among a new generation of RV enthusiasts, Thor intends to make the most of the upsurge in vehicle purchases.
Coming into Monday's fiscal first-quarter financial report, Thor investors fully expected the company to keep benefiting from the increased interest in RVs. Yet even optimistic shareholders were surprised by just how well Thor did. Let's look more closely at Thor Industries to see what its latest results say about its prospects.
Image source: Thor Industries.
Source: Fool.com
Thor Industries Inc. Stock
Currently there is a rather positive sentiment for Thor Industries Inc. with 5 Buy predictions and 0 Sell predictions.
With a target price of 108 € there is a slightly positive potential of 11.27% for Thor Industries Inc. compared to the current price of 97.06 €.
