Winnebago Industries (NYSE:WGO) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Winnebago Industries has received a "sell (D+)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Despite the negative rating from Weiss, multiple analysts have varying opinions, with six rating it as a Buy and one as a Sell, resulting in a consensus rating of "Hold."
• The stock price recently traded at $32.10, showing minimal change, and it has a one-year high of $65.65 and a low of $28.00.

Winnebago Industries (NYSE:WGO - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the company. KeyCorp cut their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Benchmark dropped their price objective on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Truist Financial lowered their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, June 26th. BMO Capital Markets cut their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday, June 26th. Finally, Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Winnebago Industries has a consensus rating of "Hold" and a consensus price target of $40.78.

Winnebago Industries Stock Down 0.0%

WGO stock traded down $0.01 on Wednesday, reaching $32.10. 152,087 shares of the company traded hands, compared to its average volume of 714,777. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The company has a market cap of $899.76 million, a P/E ratio of -54.40 and a beta of 1.14. The firm has a fifty day simple moving average of $33.74 and a 200-day simple moving average of $32.97.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in 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 period. Signaturefd LLC bought a new stake in shares of Winnebago Industries during the 1st quarter worth about $31,000. GAMMA Investing LLC raised its position in shares of Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock worth $33,000 after buying an additional 433 shares in the last quarter. State of Wyoming bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $47,000. Finally, Allworth Financial LP raised its holdings in shares of Winnebago Industries by 61.5% in the 1st quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer's stock worth $55,000 after purchasing an additional 633 shares in the last quarter.

Winnebago Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.