Cabelas Upgraded to Buy by DA Davidson (CAB)
Cabelas (NYSE:CAB) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $72.00 price target on the stock. DA Davidson’s price target points to a potential upside of 23.84% from the stock’s previous close.
Shares of Cabelas (NYSE:CAB) traded up 0.50% during mid-day trading on Friday, hitting $58.14. 1,539,300 shares of the company’s stock traded hands. Cabelas has a 52 week low of $56.02 and a 52 week high of $72.53. The stock has a 50-day moving average of $60.22 and a 200-day moving average of $64.54. The company has a market cap of $4.129 billion and a P/E ratio of 20.73.
Cabelas (NYSE:CAB) last announced its earnings results on Thursday, July 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.10. The company had revenue of $761.20 million for the quarter, compared to the consensus estimate of $773.82 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Cabelas will post $3.55 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CAB. Analysts at Dawson James upgraded shares of Cabelas from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $72.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt downgraded shares of Cabelas from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $74.82.
Cabela’s Incorporated is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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