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

Camping World (NYSE:CWH – Get Free Report) had its price target decreased by equities research analysts at Citigroup from $8.00 to $7.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 57.13% from the stock’s previous close.

CWH has been the subject of a number of other reports. Wall Street Zen raised shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Robert W. Baird set a $7.00 price target on shares of Camping World in a report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating on shares of Camping World in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. cut their price objective on Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Camping World has an average rating of “Moderate Buy” and an average target price of $11.02.

Check Out Our Latest Stock Report on CWH

Camping World Stock Performance

Shares of NYSE:CWH traded down $0.09 during midday trading on Tuesday, reaching $4.46. 2,330,182 shares of the company’s stock traded hands, compared to its average volume of 2,677,698. The company has a market cap of $460.16 million, a price-to-earnings ratio of -2.87 and a beta of 2.15. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. Camping World has a one year low of $3.96 and a one year high of $17.15. The stock has a 50 day moving average of $5.92 and a 200 day moving average of $6.61.

Camping World (NYSE:CWH – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (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 business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Camping World will post 0.02 EPS for the current fiscal year.

Institutional Trading of Camping World

A number of institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd purchased a new stake in shares of Camping World in the second quarter worth about $762,000. Allworth Financial LP grew its holdings in Camping World by 777.1% during 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 during the period. Public Employees Retirement System of Ohio purchased a new position in Camping World during the second quarter valued at approximately $28,000. Essential Partners LLC purchased a new position in Camping World during the first quarter valued at approximately $69,000. Finally, Royal Bank of Canada lifted its holdings in Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock valued at $201,000 after acquiring an additional 14,679 shares during the period. 52.54% of the stock is currently owned by institutional investors.

Camping World Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Camping World (NYSE:CWH)

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