Wells Fargo & Company assumed coverage on shares of Camping World (NYSE:CWH – Get Free Report) in a research report issued on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $6.00 price target on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 30.07% from the stock’s previous close.
Several other brokerages also recently commented on CWH. Northcoast Research set a $11.00 target price on shares of Camping World in a research note on Monday, October 19th. Citigroup lowered shares of Camping World from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Wednesday, November 4th. Raymond James Financial reissued an “outperform” rating on shares of Camping World in a report on Monday, October 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a report on Friday, October 30th. Finally, Truist Financial decreased their price objective on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.85.
Read Our Latest Report on Camping World
Camping World Price Performance
Shares of Camping World stock opened at $4.61 on Monday. 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 has a one year low of $3.96 and a one year high of $15.18. The business’s 50 day simple moving average is $5.23 and its two-hundred day simple moving average is $7.23. The stock has a market capitalization of $476.48 million, a P/E ratio of -1.15 and a beta of 2.21.
Camping World (NYSE:CWH – Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Camping World had a negative net margin of 4.20% and a negative return on equity of 17.74%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. Analysts forecast that Camping World will post -0.55 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Brickley Wealth Management purchased a new position in shares of Camping World in the 3rd quarter valued at approximately $68,000. Vise Technologies Inc. purchased a new stake in Camping World in the third quarter worth $81,000. Axxcess Wealth Management LLC purchased a new stake in Camping World in the third quarter worth $63,000. WINTON GROUP Ltd bought a new position in Camping World in the second quarter worth $762,000. Finally, Allworth Financial LP raised 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 purchasing an additional 2,852 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.
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.
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