Drew Draws a “Buy” Rating

drew_industA research note issued to investors by equities research analysts at Citigroup reiterated its “buy” rating for Drew Industries, Inc. stock, with a $51.00 target price according to intercooleronline.com. Shares of Drew traded down -0.78% on Thurs., Aug. 7, closing at $42.21. Drew has a one-year low of $40.38 and a one-year high of $55.35, and while it missed the Thomson Reuters consensus estimate of $0.85 earning per share (EPS) by $0.03 for Q2 2014, quarterly revenue was up 12.1 percent on a year-over-year basis. MHProNews has learned analysts predict the company will post EPS this fiscal year of $2.76. Drew is a component supplier to the manufactured housing industry. ##

(Image credit: Drew Industries, Inc.)

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