Camping World (NYSE:CWH) Price Target Lowered to $26.00 at Truist Financial

Camping World (NYSE:CWH – Get Rating) had its target price cut by stock analysts at Truist Financial to $26.00 in a research note issued on Thursday, Stock Target Advisor reports. Truist Financial’s price objective indicates a potential downside of 5.35% from the stock’s previous close.

CWH has been the topic of several other reports. Zacks Investment Research upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. DA Davidson assumed coverage on shares of Camping World in a research report on Wednesday, April 13th. They issued a “neutral” rating and a $29.00 price target on the stock. TheStreet downgraded Camping World from a “b-” rating to a “c+” rating in a research report on Monday, April 25th. Robert W. Baird dropped their price target on Camping World from $56.00 to $40.00 in a research report on Thursday, February 24th. Finally, Raymond James reduced their price objective on Camping World from $45.00 to $40.00 in a research report on Wednesday, May 4th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.33.

Camping World stock traded up $0.59 during mid-day trading on Thursday, reaching $27.47. The company had a trading volume of 32,438 shares, compared to its average volume of 1,590,986. The stock’s 50-day simple moving average is $27.93 and its 200-day simple moving average is $33.70. Camping World has a 1 year low of $24.58 and a 1 year high of $46.77. The company has a debt-to-equity ratio of 6.98, a current ratio of 1.33 and a quick ratio of 0.23. The company has a market capitalization of $2.28 billion, a P/E ratio of 4.90 and a beta of 2.82.

Camping World (NYSE:CWH – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Camping World had a return on equity of 109.12% and a net margin of 3.72%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, equities analysts forecast that Camping World will post 4.18 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of Camping World by 19.5% during the 2nd quarter. Morgan Stanley now owns 714,550 shares of the company’s stock worth $29,289,000 after purchasing an additional 116,612 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Camping World by 391.8% in the third quarter. Goldman Sachs Group Inc. now owns 305,017 shares of the company’s stock worth $11,856,000 after acquiring an additional 242,992 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Camping World in the 3rd quarter valued at $907,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Camping World by 4.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,761 shares of the company’s stock valued at $263,000 after acquiring an additional 303 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Camping World by 99.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,809 shares of the company’s stock worth $342,000 after purchasing an additional 4,400 shares during the period. 84.47% of the stock is owned by institutional investors.

About Camping World (Get Rating)

Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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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