Camping World (NYSE:CWH) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Camping World has a “Moderate Buy” consensus rating: Ten of 12 analysts recommend buying the stock, while one rates it a sell and one a hold. The average 12-month price target is $12.02.
• Recent analyst actions were mixed but generally bullish, with KeyCorp and JPMorgan cutting price targets to $9 and $11, respectively, while maintaining overweight ratings; Zacks Research and Wall Street Zen upgraded their ratings to hold.
• The stock opened at $6.79 and was reported to be up 7.9%, but the company’s latest revenue declined 2.1% year over year to $1.93 billion. Institutional investors own 52.54% of Camping World’s shares.

Camping World (NYSE:CWH - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.0227.

Several brokerages have commented on CWH. KeyCorp cut their price target on shares of Camping World from $12.00 to $9.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Zacks Research raised shares of Camping World from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Robert W. Baird set a $7.00 price objective on Camping World in a research report on Friday, July 31st. 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 research note on Friday, July 31st. Finally, Wall Street Zen upgraded Camping World from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th.

Camping World Trading Up 7.9%

Shares of Camping World stock opened at $6.79 on Thursday. Camping World has a 12-month low of $5.49 and a 12-month high of $18.34. The company has a market cap of $701.86 million, a price-to-earnings ratio of -4.38 and a beta of 2.06. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The company's 50-day moving average price is $6.74 and its 200-day moving average price is $7.65.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. Camping World's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. On average, equities analysts expect that Camping World will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Camping World

A number of large investors have recently modified their holdings of CWH. Public Employees Retirement System of Ohio bought a new position in shares of Camping World in the second quarter worth approximately $28,000. Essential Partners LLC bought a new stake in Camping World during the first quarter valued at approximately $69,000. Royal Bank of Canada lifted its position in Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company's stock valued at $201,000 after purchasing an additional 14,679 shares during the last quarter. Entropy Technologies LP grew its stake in Camping World by 5.3% in the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company's stock worth $279,000 after buying an additional 2,048 shares in the last quarter. Finally, Inceptionr LLC grew its stake in Camping World by 110.2% in the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company's stock worth $340,000 after buying an additional 26,123 shares in the last quarter. Institutional investors own 52.54% of the company's stock.

Camping World Company Profile

Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.

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