Camping World (NYSE:CWH) Stock Price Target Lowered at KeyCorp

Camping World (NYSE:CWH) had its price target trimmed by KeyCorp from $8.00 to $7.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on CWH. Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Bank of America reissued a “buy” rating and set a $14.00 price objective on shares of Camping World in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on shares of Camping World from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Raymond James Financial reiterated an “outperform” rating on shares of Camping World in a research note on Monday, October 5th. Finally, Northcoast Research set a $11.00 target price on shares of Camping World in a research note on Monday, October 19th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.20.

Camping World Stock Up 12.5%

Shares of NYSE CWH opened at $5.41 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. Camping World has a 12-month low of $3.96 and a 12-month high of $15.18. The company’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $7.32. The firm has a market cap of $558.83 million, a PE ratio of -1.35 and a beta of 2.21.

Camping World (NYSE:CWH) last issued its earnings results on Monday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.33). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.65 billion. Camping World had a negative return on equity of 17.74% and a negative net margin of 4.20%. Camping World’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, sell-side analysts forecast that Camping World will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several institutional investors and hedge funds have recently bought and sold shares of CWH. Dimensional Fund Advisors LP grew its holdings in shares of Camping World by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after purchasing an additional 41,258 shares during the last quarter. Walleye Capital LLC lifted its holdings in Camping World by 995.1% in the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after buying an additional 406,852 shares during the period. KBC Group NV bought a new stake in shares of Camping World during the first quarter valued at approximately $2,003,000. Sei Investments Co. boosted its stake in Camping World by 44.7% during the first quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock worth $1,426,000 after acquiring an additional 64,495 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Camping World by 189.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after buying an additional 74,200 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors.

Key Headlines Impacting Camping World

Here are the key news stories impacting Camping World this week:

• Positive Sentiment: Management outlined more than $150 million in annualized selling, general and administrative expense cuts and said it is targeting positive free cash flow in 2027. If achieved, the plan could improve profitability and cash generation. Article: Camping World outlines cost cuts and free-cash-flow target
• Neutral Sentiment: KeyCorp lowered its price target from $8 to $7 but kept an Overweight rating, signaling continued optimism despite a more cautious valuation. KeyCorp analyst recommendations
• Negative Sentiment: Third-quarter results disappointed amid weak RV sales and demand pressure, with revenue below analyst expectations. The earnings news has weighed on sentiment. Article: Weak RV sales drive worse-than-expected Q3 results
• Negative Sentiment: Citigroup downgraded CWH from Buy to Neutral and cut its price target from $7 to $5, reflecting reduced confidence in the near-term outlook. Citigroup analyst recommendations
• Negative Sentiment: Zacks added Camping World to its Rank #5 (Strong Sell) list, adding to the cautious analyst backdrop. Article: New Strong Sell Stocks for November 3rd

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.