Camping World (NYSE:CWH) had its price objective cut by BMO Capital Markets from $36.00 to $20.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 50.72% from the stock’s previous close.
Several other equities research analysts have also recently commented on the stock. Citigroup initiated coverage on shares of Camping World in a research report on Friday, December 14th. They issued a “buy” rating on the stock. Wells Fargo & Co cut their price objective on shares of Camping World from $28.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $19.00 price objective (down from $24.00) on shares of Camping World in a research report on Monday, March 4th. Zacks Investment Research cut shares of Camping World from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Finally, Credit Suisse Group cut shares of Camping World from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $41.80 to $18.50 in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.06.
CWH traded up $0.51 during trading on Friday, hitting $13.27. The company had a trading volume of 24,231 shares, compared to its average volume of 976,229. The stock has a market capitalization of $1.12 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.57 and a beta of 2.69. Camping World has a one year low of $11.01 and a one year high of $40.30. The company has a current ratio of 1.48, a quick ratio of 0.28 and a debt-to-equity ratio of 8.47.
A number of hedge funds have recently modified their holdings of CWH. Abrams Capital Management L.P. acquired a new position in shares of Camping World during the 3rd quarter worth about $49,635,000. Eagle Asset Management Inc. increased its stake in shares of Camping World by 37.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,025,235 shares of the company’s stock worth $43,178,000 after purchasing an additional 557,130 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Camping World during the 3rd quarter worth about $9,121,000. Carillon Tower Advisers Inc. increased its stake in shares of Camping World by 31.5% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,750,676 shares of the company’s stock worth $37,324,000 after purchasing an additional 418,989 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Camping World by 129.0% during the 4th quarter. Bank of New York Mellon Corp now owns 431,472 shares of the company’s stock worth $4,949,000 after purchasing an additional 243,064 shares during the last quarter. Hedge funds and other institutional investors own 41.74% of the company’s stock.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.
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