Winnebago Industries (NYSE:WGO) Given New $32.00 Price Target at DA Davidson

Key Points

• DA Davidson has increased its target price for Winnebago Industries from $26.00 to $32.00, maintaining a "neutral" rating, which suggests a potential downside given the stock's recent trading levels.
• A number of other brokerage firms have also adjusted their ratings for Winnebago Industries, with six analysts rating it as a Buy and four as Hold, reflecting a consensus target price of $40.78.
• Winnebago Industries' stock has experienced significant trading fluctuations, with a 1-year high reaching $65.65 and a recent trading price of $33.20.

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price boosted by analysts at DA Davidson from $26.00 to $32.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the RV manufacturer's stock. DA Davidson's price target indicates a potential downside of 3.61% from the stock's previous close.

WGO has been the topic of a number of other research reports. Truist Financial reduced their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. BMO Capital Markets dropped their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday, June 26th. Citigroup boosted their target price on shares of Winnebago Industries from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, KeyCorp cut their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Winnebago Industries has an average rating of "Moderate Buy" and a consensus target price of $40.78.

Winnebago Industries Stock Performance

Shares of WGO stock traded down $0.65 during trading hours on Tuesday, reaching $33.20. 29,565 shares of the company's stock were exchanged, compared to its average volume of 723,831. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65. The company has a market cap of $930.63 million, a P/E ratio of -56.35 and a beta of 1.15. The company's 50 day moving average is $33.53 and its two-hundred day moving average is $33.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WGO. Farther Finance Advisors LLC lifted its position in shares of Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the RV manufacturer's stock worth $25,000 after purchasing an additional 720 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the RV manufacturer's stock valued at $28,000 after buying an additional 622 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the RV manufacturer's stock valued at $28,000 after buying an additional 711 shares in the last quarter. Signaturefd LLC acquired a new position in Winnebago Industries in the 1st quarter valued at $31,000. Finally, GAMMA Investing LLC raised its stake in Winnebago Industries by 62.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock valued at $33,000 after purchasing an additional 433 shares during the last quarter.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.

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