Camping World (NYSE:CWH) Price Target Raised to $22.00

Key Points

• Camping World's price target was raised by JPMorgan Chase & Co. from $20.00 to $22.00, reflecting a potential upside of 44.07% from its previous close.
• Other analysts have mixed ratings on Camping World, with one firm lowering its target to $18.00, while others have set targets at $21.00 and $22.00.
• Despite recent challenges, Camping World reported a 9.4% increase in revenue year-over-year, totaling $1.98 billion, although it missed earnings estimates slightly.

Camping World (NYSE:CWH - Get Free Report) had its price objective increased by research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 44.07% from the company's previous close.

A number of other analysts also recently commented on the stock. Raymond James Financial dropped their price target on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Citigroup boosted their target price on shares of Camping World from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, September 26th. KeyCorp boosted their target price on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Camping World in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Camping World currently has an average rating of "Moderate Buy" and an average target price of $21.78.

Camping World Stock Performance

Shares of NYSE CWH traded up $0.20 during midday trading on Monday, hitting $15.27. The company's stock had a trading volume of 1,230,207 shares, compared to its average volume of 2,150,887. The firm has a market cap of $1.56 billion, a P/E ratio of -76.35 and a beta of 1.94. The firm's fifty day moving average price is $16.68 and its 200-day moving average price is $16.25. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, sell-side analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after purchasing an additional 247,134 shares in the last quarter. Eminence Capital LP grew its position in Camping World by 123.3% during the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company's stock valued at $71,076,000 after purchasing an additional 2,283,331 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Camping World by 18.0% during the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company's stock valued at $55,374,000 after purchasing an additional 490,245 shares in the last quarter. Crestview Partners II GP L.P. grew its position in Camping World by 0.4% during the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company's stock valued at $33,026,000 after purchasing an additional 6,913 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Camping World by 8.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company's stock valued at $24,563,000 after purchasing an additional 108,565 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.

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