Raymond James Financial Lowers Camping World (NYSE:CWH) Price Target to $15.00

Camping World (NYSE:CWH) had its target price cut by stock analysts at Raymond James Financial from $18.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 13.51% from the stock’s current price.

CWH has been the subject of a number of other reports. Citigroup increased their price objective on shares of Camping World from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 target price on shares of Camping World in a report on Thursday. KeyCorp reduced their price target on Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price objective on Camping World from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.70.

Camping World Price Performance

NYSE CWH opened at $13.22 on Thursday. The firm’s 50 day moving average is $16.31 and its 200-day moving average is $16.39. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $1.35 billion, a PE ratio of -14.21 and a beta of 1.94. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, October 28th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.79%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

A number of large investors have recently added to or reduced their stakes in CWH. US Bancorp DE bought a new position in Camping World during the first quarter worth $72,000. Ameritas Investment Partners Inc. lifted its stake in shares of Camping World by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after buying an additional 608 shares during the last quarter. CWM LLC lifted its stake in shares of Camping World by 1,060.1% during the 1st quarter. CWM LLC now owns 7,645 shares of the company’s stock worth $124,000 after buying an additional 6,986 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Camping World by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock worth $153,000 after buying an additional 4,789 shares during the period. Finally, Corient IA LLC acquired a new position in Camping World in the 1st quarter valued at about $162,000. Institutional investors own 52.54% of the company’s stock.

About Camping World

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.