Camping World (NYSE:CWH) had its target price cut by investment analysts at BMO Capital Markets from $36.00 to $20.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 49.25% from the stock’s current price.
A number of other equities analysts have also weighed in on CWH. Citigroup initiated coverage on shares of Camping World in a research report on Friday, December 14th. They set a “buy” rating on the stock. Wells Fargo & Co lowered their price target on shares of Camping World from $28.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Credit Suisse Group lowered shares of Camping World from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $41.80 to $18.50 in a research report on Friday, March 1st. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $19.00 price target (down from $24.00) on shares of Camping World in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Camping World has an average rating of “Buy” and an average price target of $27.06.
CWH traded up $0.64 on Friday, reaching $13.40. 596,965 shares of the company’s stock were exchanged, compared to its average volume of 976,229. The firm has a market capitalization of $1.12 billion, a PE ratio of 11.96, a PEG ratio of 0.57 and a beta of 2.69. Camping World has a twelve month low of $11.01 and a twelve month high of $40.30. The company has a current ratio of 1.48, a quick ratio of 0.28 and a debt-to-equity ratio of 8.47.
In other news, major shareholder Abrams Capital Management, L.P bought 29,904 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $11.94 per share, for a total transaction of $357,053.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 49.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CWH. Pearl River Capital LLC purchased a new stake in shares of Camping World in the 4th quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its stake in shares of Camping World by 156,866.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,709 shares of the company’s stock valued at $100,000 after acquiring an additional 4,706 shares during the period. Hodges Capital Management Inc. purchased a new stake in shares of Camping World in the 4th quarter valued at approximately $115,000. Camelot Portfolios LLC purchased a new stake in shares of Camping World in the 4th quarter valued at approximately $115,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Camping World by 358.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,283 shares of the company’s stock valued at $118,000 after acquiring an additional 8,039 shares during the period. 41.74% of the stock is currently owned by institutional investors and hedge funds.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.
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