Cabelas Given Average Rating of “Buy” by Brokerages (NYSE:CAB)
Cabelas (NYSE:CAB) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, AmericanBankingNews.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $75.14.
CAB has been the subject of a number of recent research reports. Analysts at Feltl & Co. upgraded shares of Cabelas from a “hold” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $73.00 price target on the stock, up previously from $65.00. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs initiated coverage on shares of Cabelas in a research note on Thursday, June 12th. They set a “neutral” rating and a $62.24 price target on the stock. Finally, analysts at Zacks upgraded shares of Cabelas from an “underperform” rating to a “neutral” rating in a research note on Monday, May 26th. They now have a $64.00 price target on the stock.
Cabelas (NYSE:CAB) opened at 59.96 on Wednesday. Cabelas has a 1-year low of $58.17 and a 1-year high of $72.53. The stock’s 50-day moving average is $61.23 and its 200-day moving average is $65.12. The company has a market cap of $4.258 billion and a P/E ratio of 21.82.
Cabelas (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 Cabelas will post $3.56 EPS for the current fiscal year.
Cabela’s Incorporated is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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