Cavco Industries (NASDAQ:CVCO – Get Free Report)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued to investors on Friday, Benzinga reports. They currently have a $425.00 price objective on the construction company’s stock. Wedbush’s price target indicates a potential upside of 10.97% from the stock’s current price.
Cavco Industries Price Performance
Cavco Industries stock opened at $382.97 on Friday. Cavco Industries has a one year low of $233.84 and a one year high of $426.41. The stock has a market capitalization of $3.17 billion, a PE ratio of 20.87 and a beta of 1.23. The business’s fifty day moving average is $365.66 and its 200 day moving average is $365.59.
Cavco Industries (NASDAQ:CVCO – Get Free Report) last announced its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.97 by ($0.86). The firm had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a return on equity of 14.30% and a net margin of 8.12%. During the same period in the previous year, the business posted $5.29 earnings per share. As a group, sell-side analysts expect that Cavco Industries will post 19.77 EPS for the current fiscal year.
Institutional Inflows and Outflows
Cavco Industries Company Profile
Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.
Further Reading
- Five stocks we like better than Cavco Industries
- What is a Secondary Public Offering? What Investors Need to Know
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Investing in Commodities: What Are They? How to Invest in Them
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Canada Bond Market Holiday: How to Invest and Trade
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter.