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Cabelas (NYSE:CAB)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Monday. They currently have a $62.00 target price on the stock. Zacks‘s price target indicates a potential upside of 4.38% from the stock’s previous close.

Shares of Cabelas (NYSE:CAB) traded up 1.94% during mid-day trading on Monday, hitting $60.55. The stock had a trading volume of 284,618 shares. 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 $59.27 and a 200-day moving average of $63.56. The company has a market cap of $4.303 billion and a price-to-earnings ratio of 21.45.

Cabelas (NYSE:CAB) last announced its earnings results on Thursday, July 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that Cabelas will post $3.57 earnings per share for the current fiscal year.

A number of other firms have also recently commented on CAB. Analysts at DA Davidson upgraded shares of Cabelas from a “neutral” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $72.00 price target on the stock. Separately, analysts at Dawson James upgraded shares of Cabelas from a “neutral” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $72.00 price target on the stock. Finally, analysts at Monness Crespi & Hardt downgraded shares of Cabelas from a “buy” rating to a “neutral” rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Cabelas has a consensus rating of “Buy” and an average target price of $74.62.

Cabela’s Incorporated is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise.

To view Zacks’ full report, visit Zacks’ official website.

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