Camping World (NYSE:CWH) Stock Has Average Target Price of $10.48 According to Analysts

Key Points

• Analysts rate Camping World “Moderate Buy” overall: Nine of 11 brokerages recommend buying the stock, while two rate it a sell. The average 12-month price target is $10.48, though recent targets range from $7 to $14.
• Recent financial results were weaker than expected: Camping World reported a quarterly loss of $0.19 per share versus the $0.14 consensus estimate, while revenue fell 12.5% year over year to $1.58 billion.
• The stock opened at $5.34 and remains well below its 52-week high of $15.18. Institutional investors own approximately 52.5% of the company’s shares.

Shares of Camping World (NYSE:CWH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.48.

Several research analysts have recently commented on the company. Citigroup reduced their price target on Camping World from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Northcoast Research set a $11.00 price objective on shares of Camping World in a report on Monday, October 19th. Wall Street Zen upgraded shares of Camping World from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Bank of America reaffirmed a "buy" rating and set a $14.00 target price on shares of Camping World in a research note on Friday, July 31st. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Camping World in a report on Monday, October 5th.

Camping World Trading Up 6.9%

Shares of Camping World stock opened at $5.34 on Tuesday. The stock has a market cap of $551.98 million, a P/E ratio of -3.45 and a beta of 2.15. The stock's 50 day simple moving average is $5.35 and its 200-day simple moving average is $7.39. Camping World has a 1-year low of $3.96 and a 1-year high of $15.18. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.33). Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. Analysts predict that Camping World will post -0.06 EPS for the current fiscal year.

Institutional Trading of Camping World

Several institutional investors have recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in Camping World during the third quarter worth $81,000. Axxcess Wealth Management LLC purchased a new stake in Camping World in the third quarter valued at $63,000. WINTON GROUP Ltd purchased a new stake in Camping World in the second quarter valued at $762,000. Allworth Financial LP lifted its stake in shares of Camping World by 777.1% in the 2nd 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 during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Camping World in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.

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