KeyCorp Lowers Camping World (NYSE:CWH) Price Target to $9.00

Camping World (NYSE:CWH) had its target price decreased by equities research analysts at KeyCorp from $12.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 42.25% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CWH. Citigroup reduced their target price on shares of Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Weiss Ratings downgraded shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Camping World from a “hold” rating to a “sell” rating in a research report on Sunday, July 26th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Truist Financial dropped their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Camping World Stock Performance

Camping World stock opened at $6.33 on Friday. The company’s 50-day moving average price is $6.98 and its 200-day moving average price is $8.35. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30. The company has a market cap of $651.62 million, a PE ratio of -4.08 and a beta of 2.04. Camping World has a twelve month low of $5.49 and a twelve month high of $18.34.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. On average, equities research analysts forecast that Camping World will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Essential Partners LLC bought a new position in shares of Camping World during the 1st quarter worth $69,000. Royal Bank of Canada lifted its stake in Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after acquiring an additional 14,679 shares during the period. Entropy Technologies LP lifted its stake in Camping World by 5.3% in the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock worth $279,000 after acquiring an additional 2,048 shares during the period. Inceptionr LLC grew its holdings in Camping World by 110.2% during the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock worth $340,000 after acquiring an additional 26,123 shares in the last quarter. Finally, Sei Investments Co. increased its position in Camping World by 44.7% during the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after purchasing an additional 64,495 shares during the period. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.