KeyCorp Lowers Camping World (NYSE:CWH) Price Target to $25.00

Camping World (NYSE:CWH) had its price objective lowered by stock analysts at KeyCorp from $26.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 21.30% from the company’s previous close.

A number of other analysts also recently weighed in on CWH. Truist Financial decreased their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday. Monness Crespi & Hardt dropped their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. StockNews.com lowered Camping World from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Finally, Roth Mkm restated a “buy” rating and set a $28.00 price target (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Camping World Stock Performance

Shares of Camping World stock traded down $1.36 on Friday, hitting $20.61. The stock had a trading volume of 526,435 shares, compared to its average volume of 985,685. The company’s 50 day moving average price is $19.76 and its 200 day moving average price is $22.81. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -512.37 and a beta of 2.54. Camping World has a 52-week low of $16.18 and a 52-week high of $29.24. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 9.50%. On average, research analysts anticipate that Camping World will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CWH. Vanguard Group Inc. raised its position in Camping World by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,075,412 shares of the company’s stock worth $113,500,000 after acquiring an additional 40,137 shares during the period. Capital Research Global Investors raised its holdings in shares of Camping World by 31.2% during the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock valued at $60,129,000 after acquiring an additional 513,320 shares in the last quarter. Interval Partners LP raised its position in shares of Camping World by 98.9% in the 1st quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after acquiring an additional 995,096 shares in the last quarter. Eminence Capital LP purchased a new position in Camping World during the fourth quarter valued at $37,451,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Camping World by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,349 shares of the company’s stock valued at $13,087,000 after acquiring an additional 28,569 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.