Cabela’s Receives Consensus Rating of “Buy” from Brokerages (NYSE:CAB)
Shares of Cabela’s (NYSE:CAB) have received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, American Banking and Market News reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $75.56.
Cabela’s (NYSE:CAB) opened at 64.39 on Tuesday. Cabela’s has a one year low of $53.07 and a one year high of $72.54. The stock has a 50-day moving average of $67.42 and a 200-day moving average of $64.78. The company has a market cap of $4.550 billion and a price-to-earnings ratio of 20.57.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Cabela’s will post $3.60 EPS for the current fiscal year.
A number of analysts have recently weighed in on CAB shares. Analysts at DA Davidson initiated coverage on shares of Cabela’s in a research note on Tuesday, April 8th. They set a “neutral” rating and a $71.00 price target on the stock. Separately, analysts at William Blair upgraded shares of Cabela’s from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 13th. Finally, analysts at Zacks downgraded shares of Cabela’s from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 26th. They now have a $58.00 price target on the stock.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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