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Investment Firm Upgrading Cavco Stock: Buy

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June 17, 2013 by   - () Leave a Comment

Cavco Industries Inc. was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a research report issued on today (June 17), TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on Cavco.

Analysts at Thomson Reuters/Verus downgraded shares of Cavco Industries from a “hold” rating to a “sell” rating in a research note to investors on June 3. Separately, analysts at TheStreet upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note to investors on May 28. Finally, analysts at TheStreet downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note to investors on May 1.

Shares of Cavco traded down 1.10% during mid-day trading today, hitting $47.58. Cavco Industries has a 52-week low of $40.43 and a 52-week high of $52.97. The stock’s 50-day moving average is currently $46.15. The company has a market cap of $331.5 million and a P/E ratio of 67.76.

Cavco is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and company-owned retailers.

 

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