Winnebago Stock Keeps Pushing for New Peaks

Winnebago Industries Inc. Winnebago Industries Inc. (NYSE: WGO) was one of the breakout stocks of 2020, with the company generating surprising fiscal performance thanks to the increased demand for motorhomes during the Coronavirus Pandemic. The momentum has continued into 2021 and there’s still a likely upside available on this pick.

With an influx of orders, Winnebago is expected to grow earnings by 21% in the current fiscal year. This could help to drive the stock targets beyond their current levels and keep investor interest high. Winnebago has long-term revenue potential thanks to its position as a market leader in recreational vehicles and fully integrated motorhomes.

The average target price of $76.82 suggests a moderate upside over today’s price. The high-end target of $88.00 looks within reach considering the momentum behind this pick. There’s also a moderate dividend with a yield of 0.65% at today’s price. For its income potential and projected growth, this is one of the best stocks to watch in the first quarter.

Key Data:

  • 1 Year Price Growth: 97%
  • YTD Price Growth: 99%
  • 3 Month Price Growth: 20%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

You May Also Like

About the Author: Writocity