JPMorgan Chase & Co. Has Lowered Expectations for Camping World (NYSE:CWH) Stock Price

Key Points

• JPMorgan lowered Camping World’s price target from $11 to $9 while maintaining an “overweight” rating, implying roughly 94% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average target of $11.20, although several firms have recently reduced their targets.
• Camping World shares traded at $4.63, near their 52-week low, amid weak fundamentals including a negative net margin, high leverage, and a 2.1% year-over-year revenue decline in the latest quarter.

Camping World (NYSE:CWH - Get Free Report) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 94.22% from the stock's previous close.

CWH has been the subject of a number of other research reports. Weiss Ratings raised shares of Camping World from a "sell (e+)" rating to a "sell (d)" rating in a research report on Monday, August 3rd. KeyCorp dropped their price objective on shares of Camping World from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Raymond James Financial restated an "outperform" rating on shares of Camping World in a research report on Monday. Citigroup reduced their price target on shares of Camping World from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, September 16th. Finally, Truist Financial lowered their target price on Camping World from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Camping World currently has a consensus rating of "Moderate Buy" and an average price target of $11.20.

Camping World Price Performance

Shares of NYSE CWH traded up $0.08 during trading on Tuesday, hitting $4.63. The company had a trading volume of 846,502 shares, compared to its average volume of 2,672,078. Camping World has a 52 week low of $3.96 and a 52 week high of $17.15. The company has a market cap of $478.67 million, a P/E ratio of -2.97 and a beta of 2.15. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The business's 50-day moving average is $6.10 and its 200 day moving average is $6.68.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the company posted $0.57 EPS. The company's quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts predict that Camping World will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Camping World

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Camping World during the fourth quarter worth about $25,000. Allworth Financial LP grew its stake in shares of Camping World by 777.1% during the second quarter. Allworth Financial LP now owns 3,219 shares of the company's stock worth $25,000 after buying an additional 2,852 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Camping World during the second quarter worth $28,000. Essential Partners LLC bought a new position in shares of Camping World in the 1st quarter valued at $69,000. Finally, World Investment Advisors boosted its holdings in shares of Camping World by 10.2% during the 1st quarter. World Investment Advisors now owns 22,443 shares of the company's stock valued at $153,000 after acquiring an additional 2,078 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company's stock.

About Camping World

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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