Stifel Nicolaus upgraded shares of Cabela’s (NYSE:CAB) from a hold rating to a buy rating in a research note released on Monday morning, TheFlyOnTheWall.com reports. They currently have $86.00 target price on the stock.
CAB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Cabela’s in a research note to investors on Monday, November 18th. They now have a $67.00 price target on the stock. Separately, analysts at Sidoti upgraded shares of Cabela’s from a neutral rating to a buy rating in a research note to investors on Wednesday, October 30th. Finally, analysts at William Blair initiated coverage on shares of Cabela’s in a research note to investors on Wednesday, October 2nd. They set a market perform rating on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $76.00.
Cabela’s (NYSE:CAB) opened at 64.36 on Monday. Cabela’s has a 52 week low of $38.44 and a 52 week high of $72.54. The stock has a 50-day moving average of $61.28 and a 200-day moving average of $65.22. The company has a market cap of $4.544 billion and a P/E ratio of 21.75.
Cabela’s (NYSE:CAB) last announced its earnings results on Thursday, October 24th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $850.80 million for the quarter, compared to the consensus estimate of $854.50 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that Cabela’s will post $3.42 EPS for the current fiscal year.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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