Camping World (NYSE:CWH) Stock Price Target Cut by Citigroup

by · The Markets Daily

Camping World (NYSE:CWH – Get Free Report) had its price target lowered by Citigroup from $8.00 to $7.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 57.13% from the stock’s current price.

Several other equities analysts also recently issued reports on CWH. KeyCorp decreased their price objective on shares of Camping World from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Wall Street Zen raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Raymond James Financial restated an “outperform” rating on shares of Camping World in a research report on Monday, October 5th. Weiss Ratings raised shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Finally, Roth Capital reiterated a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Camping World has an average rating of “Moderate Buy” and an average target price of $11.02.

View Our Latest Analysis on CWH

Camping World Price Performance

CWH traded down $0.09 during trading on Tuesday, hitting $4.46. The company’s stock had a trading volume of 2,330,182 shares, compared to its average volume of 2,677,698. The firm has a market capitalization of $460.16 million, a price-to-earnings ratio of -2.87 and a beta of 2.15. Camping World has a twelve month low of $3.96 and a twelve month high of $17.15. The business’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $6.61. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities research analysts forecast that Camping World will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently added to or reduced their stakes in CWH. WINTON GROUP Ltd purchased a new stake in shares of Camping World during the 2nd quarter valued at approximately $762,000. Allworth Financial LP lifted its holdings in Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after acquiring an additional 2,852 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Camping World in the second quarter worth approximately $28,000. Essential Partners LLC purchased a new position in Camping World in the first quarter worth approximately $69,000. Finally, Royal Bank of Canada grew its position in Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after acquiring an additional 14,679 shares during the period. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

(Get Free Report)

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.

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