Camping World (NYSE:CWH) Price Target Cut to $8.00 by Analysts at Citigroup

Key Points

• Citigroup lowered Camping World’s price target from $9.00 to $8.00 while maintaining a “buy” rating, implying approximately 37.6% upside from the stock’s $5.81 price.
• Analyst sentiment remains broadly positive, with ten buy ratings, one hold and one sell; the consensus target is $11.57, though several firms recently reduced their targets.
• Camping World reported quarterly revenue of $1.93 billion, below estimates and down 2.1% year over year, while earnings per share of $0.57 matched expectations. Institutional investors own 52.54% of the company.

Camping World (NYSE:CWH - Get Free Report) had its price target cut by Citigroup from $9.00 to $8.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 37.62% from the company's current price.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Camping World from $16.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Raymond James Financial set a $8.25 target price on shares of Camping World in a report on Friday, July 31st. Wall Street Zen raised shares of Camping World from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Roth Capital set a $12.00 target price on shares of Camping World in a research report on Monday, August 3rd. Finally, KeyCorp decreased their target price on shares of Camping World from $12.00 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.57.

Camping World Stock Performance

Shares of CWH stock traded up $0.05 during midday trading on Wednesday, hitting $5.81. 500,164 shares of the company were exchanged, compared to its average volume of 2,693,489. Camping World has a 52 week low of $5.49 and a 52 week high of $18.22. The firm has a market capitalization of $600.42 million, a P/E ratio of -3.77 and a beta of 2.07. The firm's 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.88. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $1.93 billion for 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 firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, equities research analysts anticipate that Camping World will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently made changes to their positions in CWH. WINTON GROUP Ltd acquired a new position in Camping World during the 2nd quarter valued at about $762,000. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 2,852 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Camping World during the second quarter valued at approximately $28,000. Essential Partners LLC bought a new stake in Camping World during the first quarter worth $69,000. Finally, Royal Bank of Canada grew its holdings in Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company's stock worth $201,000 after buying an additional 14,679 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company's stock.

Camping World Company Profile

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.

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