Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cabelas (CAB) Share Price
News coverage about Cabelas (NYSE:CAB) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cabelas earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.5014856000365 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CAB has been the topic of several research reports. Forward View reaffirmed a “buy” rating and set a $61.50 price target on shares of Cabelas in a research note on Thursday, September 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $61.50 price target (up previously from $59.00) on shares of Cabelas in a research note on Friday, September 8th. Finally, Zacks Investment Research raised Cabelas from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.13.
Cabelas (NYSE CAB) remained flat at $$61.50 during trading hours on Tuesday. Cabelas has a 1-year low of $45.00 and a 1-year high of $63.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.40 and a current ratio of 2.75.
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Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.
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