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

Key Points

• Truist cut Camping World’s price target from $10 to $7 but maintained a Buy rating, implying 59.6% upside from the prior close.
• Analyst views are mixed: nine rate the stock Buy, one Hold, and two Sell; the consensus rating is Moderate Buy with an average target of $9.60.
• Camping World’s latest quarter fell short of expectations, with a loss of $0.19 per share and revenue down 12.5% year over year; shares opened at $4.39 on Wednesday.

Camping World (NYSE:CWH - Get Free Report) had its price objective lowered by equities research analysts at Truist Financial from $10.00 to $7.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 59.60% from the stock's previous close.

Several other research firms also recently weighed in on CWH. Wall Street Zen downgraded Camping World from a "hold" rating to a "sell" rating in a research note on Saturday. Roth Capital reiterated a "buy" rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a research note on Monday, September 28th. Zacks Research cut Camping World from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Weiss Ratings reissued a "sell (d)" rating on shares of Camping World in a report on Friday, October 30th. Finally, Robert W. Baird set a $7.00 target price on Camping World in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have 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 $9.60.

Camping World Trading Down 6.1%

NYSE:CWH opened at $4.39 on Wednesday. The firm has a market capitalization of $453.05 million, a P/E ratio of -1.10 and a beta of 2.21. The company has a debt-to-equity ratio of 18.55, a current ratio of 1.24 and a quick ratio of 0.30. Camping World has a one year low of $3.96 and a one year high of $15.18. The company's 50-day simple moving average is $5.15 and its 200 day simple moving average is $7.13.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.33). Camping World had a negative net margin of 4.20% and a negative return on equity of 22.04%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $0.43 EPS. Camping World's revenue for the quarter was down 12.5% on a year-over-year basis. As a group, analysts forecast that Camping World will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Camping World

Large investors have recently bought and sold shares of the business. Cibc World Market Inc. lifted its stake in Camping World by 47.7% during the 3rd quarter. Cibc World Market Inc. now owns 2,264,653 shares of the company's stock valued at $11,369,000 after acquiring an additional 731,003 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Camping World by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company's stock worth $7,358,000 after acquiring an additional 41,258 shares during the period. Walleye Capital LLC grew its stake in shares of Camping World by 995.1% in the first quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock worth $3,058,000 after acquiring an additional 406,852 shares during the period. KBC Group NV bought a new stake in shares of Camping World in the first quarter worth approximately $2,003,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Camping World in the third quarter worth approximately $1,595,000. 52.54% of the stock is currently owned by institutional investors.

Camping World Company Profile

Camping World Holdings, Inc. is a U.S.-based recreational vehicle retailer that sells new and pre-owned motorhomes, travel trailers and other RVs through a network of dealerships. The company also provides RV maintenance and repair services and sells parts, accessories and related products. Its offerings include financing and insurance products, extended service plans and other services for RV owners. Camping World also operates the Good Sam brand, which provides membership benefits and services such as roadside assistance and travel-related resources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.