Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year high of $65.21. As dakotafinancialnews tells MHProNews, the fifty-day moving average is $54.60 and the 200-day moving average is $58.08.
On average, equities analysts project Drew will have earnings per share of $3.00 for this fiscal year. Citigroup also cut their target price on shares of company stock from $70.00 to $68.00.
Through its subsidiaries, Drew manufactures and supplies a variety of components to the manufactured home and recreational vehicle industries, as well as for adjacent trailer industries. ##
(Image credit: Drew Industries, Inc.)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.