Zacks Upgrades Cabela’s to Neutral (CAB)
Cabela’s (NYSE:CAB) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday. The firm currently has a $64.00 price target on the stock. Zacks‘s target price indicates a potential upside of 4.49% from the company’s current price.
A number of other firms have also recently commented on CAB. Analysts at CRT Capital initiated coverage on shares of Cabela’s in a research note on Wednesday, May 14th. They set a “buy” rating and a $80.00 price target on the stock. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Cabela’s in a research note on Friday, April 25th. They now have a $72.00 price target on the stock, up previously from $71.00. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.63.
Cabela’s (NYSE:CAB) traded down 0.46% on Monday, hitting $61.25. The stock had a trading volume of 453,871 shares. Cabela’s has a one year low of $58.17 and a one year high of $72.53. The stock’s 50-day moving average is $64.6 and its 200-day moving average is $65.30. The company has a market cap of $4.350 billion and a price-to-earnings ratio of 22.05.
Cabela’s (NYSE:CAB) last released its earnings data on Thursday, April 24th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $725.80 million for the quarter, compared to the consensus estimate of $734.25 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts expect that Cabela’s will post $3.57 EPS for the current fiscal year.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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