Camping World (NYSE:CWH) Given New $49.00 Price Target at Bank of America

Camping World (NYSE:CWH) had its price target upped by analysts at Bank of America from $48.00 to $49.00 in a research note issued to investors on Tuesday, November 14th. The brokerage presently has a “buy” rating on the stock. Bank of America’s target price would indicate a potential upside of 7.34% from the company’s current price.

CWH has been the topic of a number of other reports. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of Camping World in a report on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $48.00 price objective (up from $37.00) on shares of Camping World in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Camping World from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $47.00 price objective (up from $40.00) on shares of Camping World in a research note on Tuesday, October 24th. Finally, KeyCorp reissued an “overweight” rating and set a $42.00 price target on shares of Camping World in a research report on Wednesday, August 30th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.11.

Camping World (NYSE:CWH) traded down $0.71 during mid-day trading on Tuesday, reaching $45.65. 577,063 shares of the company’s stock were exchanged, compared to its average volume of 766,900. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.29 and a quick ratio of 0.29. Camping World has a fifty-two week low of $26.30 and a fifty-two week high of $47.35. The company has a market capitalization of $3,988.12, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.20 and a beta of 3.97.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.11. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Camping World had a net margin of 1.20% and a return on equity of 116.85%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. equities research analysts forecast that Camping World will post 2.29 earnings per share for the current fiscal year.

In other news, CEO Marcus Lemonis sold 700,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.50, for a total transaction of $28,350,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brent L. Moody sold 21,464 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $38.44, for a total transaction of $825,076.16. Following the sale, the insider now directly owns 81,464 shares in the company, valued at approximately $3,131,476.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Camping World by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new stake in Camping World in the 2nd quarter valued at $111,000. Sawgrass Asset Management LLC acquired a new stake in Camping World in the 3rd quarter valued at $203,000. Affinity Investment Advisors LLC acquired a new stake in Camping World in the 2nd quarter valued at $208,000. Finally, American International Group Inc. acquired a new stake in Camping World in the 1st quarter valued at $233,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was first published by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://baseballnewssource.com/markets/bank-of-america-corporation-increases-camping-world-holdings-inc-cwh-price-target-to-49-00/1783115.html.

About Camping World

Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.

Analyst Recommendations for Camping World (NYSE:CWH)

Receive News & Ratings for Camping World Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World Holdings Inc and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.