KeyCorp Issues Pessimistic Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its price target cut by KeyCorp from $22.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 36.37% from the company’s current price.

Several other brokerages have also recently commented on CWH. Truist Financial reduced their price objective on shares of Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird reissued a “neutral” rating and set a $18.00 price objective (down previously from $28.00) on shares of Camping World in a report on Friday, April 4th. Bank of America began coverage on shares of Camping World in a research report on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Baird R W lowered shares of Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and an average target price of $23.63.

Camping World Stock Up 0.5 %

CWH stock traded up $0.05 during midday trading on Thursday, reaching $11.73. 184,721 shares of the company’s stock traded hands, compared to its average volume of 1,622,192. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The firm’s fifty day moving average price is $17.49 and its 200-day moving average price is $20.90. Camping World has a 52 week low of $11.46 and a 52 week high of $25.97. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -16.92, a P/E/G ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.55). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. As a group, sell-side analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Insider Activity

In related news, President Matthew D. Wagner bought 5,725 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the acquisition, the president now owns 300,640 shares in the company, valued at $5,294,270.40. This trade represents a 1.94 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in shares of Camping World during the 1st quarter worth approximately $44,000. SG Americas Securities LLC bought a new stake in Camping World during the 1st quarter valued at about $860,000. Harbor Capital Advisors Inc. boosted its position in Camping World by 1,520.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 12,998 shares of the company’s stock valued at $210,000 after buying an additional 12,196 shares during the period. Rhumbline Advisers raised its stake in shares of Camping World by 11.3% during the first quarter. Rhumbline Advisers now owns 78,845 shares of the company’s stock valued at $1,274,000 after acquiring an additional 7,978 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Camping World by 6,485.8% in the first quarter. GAMMA Investing LLC now owns 15,740 shares of the company’s stock worth $254,000 after purchasing an additional 15,501 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. 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.