Camping World (NYSE:CWH) Price Target Cut to $9.00 by Analysts at JPMorgan Chase & Co.

Camping World (NYSE:CWH) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 94.22% from the stock’s previous close.

Several other analysts have also recently commented on CWH. Roth Capital reiterated a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Raymond James Financial restated an “outperform” rating on shares of Camping World in a research report on Monday. KeyCorp reduced their price objective on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Truist Financial decreased their price objective on shares of Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Finally, Bank of America restated a “buy” rating and issued a $14.00 target price on shares of Camping World in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Camping World presently has an average rating of “Moderate Buy” and a consensus price target of $11.20.

Camping World Trading Up 1.8%

Shares of Camping World stock traded up $0.08 during trading on Tuesday, hitting $4.63. The company’s stock had a trading volume of 846,502 shares, compared to its average volume of 2,672,078. The stock has a market cap of $478.67 million, a price-to-earnings ratio of -2.97 and a beta of 2.15. Camping World has a 52 week low of $3.96 and a 52 week high of $17.15. The stock has a 50-day moving average price of $6.10 and a two-hundred day moving average price of $6.68. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.57 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Camping World will post 0.08 EPS for the current fiscal year.

Institutional Trading of Camping World

Several large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Camping World in the 4th quarter valued at about $25,000. Allworth Financial LP boosted its holdings in Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after acquiring an additional 2,852 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Camping World in the second quarter valued at approximately $28,000. Essential Partners LLC bought a new stake in shares of Camping World during the first quarter valued at approximately $69,000. Finally, World Investment Advisors increased its holdings in shares of Camping World by 10.2% during the first quarter. World Investment Advisors now owns 22,443 shares of the company’s stock valued at $153,000 after acquiring an additional 2,078 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

About Camping World

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.