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

Camping World (NYSE:CWH) had its price objective cut by equities researchers at Truist Financial from $20.00 to $15.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 24.28% from the stock’s current price.

A number of other analysts have also commented on the company. Loop Capital started coverage on Camping World in a report on Friday, October 31st. They set a “buy” rating and a $17.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 price target on shares of Camping World in a report on Thursday, October 30th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. reduced their target price on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Finally, Raymond James Financial dropped their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Camping World presently has an average rating of “Moderate Buy” and a consensus price target of $18.90.

Camping World Stock Down 3.4%

Shares of NYSE CWH traded down $0.43 during trading on Monday, hitting $12.07. 573,466 shares of the company traded hands, compared to its average volume of 2,198,514. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -12.98 and a beta of 1.92. The business’s fifty day moving average is $15.79 and its 200 day moving average is $16.45. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.27 and a current ratio of 1.26. Camping World has a fifty-two week low of $11.17 and a fifty-two week high of $25.97.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.75 billion. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. Camping World’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. Equities research analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWH. Vanguard Group Inc. increased its stake in shares of Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock worth $97,521,000 after purchasing an additional 247,134 shares during the last quarter. Eminence Capital LP grew its holdings in Camping World by 123.3% during the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the period. Balyasny Asset Management L.P. increased its position in Camping World by 18.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after buying an additional 490,245 shares during the last quarter. Crestview Partners II GP L.P. raised its stake in shares of Camping World by 0.4% in the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after buying an additional 6,913 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Camping World by 8.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after buying an additional 108,565 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.