Camping World Holdings Inc (CWH) Receives $47.67 Average Price Target from Brokerages
Shares of Camping World Holdings Inc (NYSE:CWH) have been given an average rating of “Buy” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $49.25.
A number of research firms recently issued reports on CWH. Forward View restated a “buy” rating and set a $45.00 price objective on shares of Camping World in a report on Monday, November 13th. Wells Fargo & Co restated an “outperform” rating and set a $48.00 price objective (up previously from $37.00) on shares of Camping World in a report on Tuesday, November 7th. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and set a $50.00 price objective on shares of Camping World in a report on Friday, December 22nd. Northcoast Research initiated coverage on Camping World in a research report on Friday, January 26th. They set a “buy” rating and a $56.00 target price for the company. Finally, BMO Capital Markets lifted their target price on Camping World from $53.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday.
Camping World (CWH) traded down $0.91 on Thursday, reaching $38.40. The company had a trading volume of 1,957,744 shares, compared to its average volume of 588,693. Camping World has a one year low of $26.30 and a one year high of $47.62. The company has a current ratio of 1.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.74. The stock has a market cap of $3,354.74, a PE ratio of 1,920.96, a P/E/G ratio of 0.88 and a beta of 1.87.
In other Camping World news, insider Brent L. Moody sold 100,000 shares of Camping World stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the completion of the sale, the insider now directly owns 193,494 shares of the company’s stock, valued at approximately $8,798,172.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Roger L. Nuttall sold 33,555 shares of Camping World stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $45.78, for a total value of $1,536,147.90. Following the sale, the insider now directly owns 156,055 shares of the company’s stock, valued at $7,144,197.90. The disclosure for this sale can be found here. Insiders own 66.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Camping World by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock worth $360,000 after acquiring an additional 463 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Camping World by 13.7% in the 4th quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock worth $483,000 after acquiring an additional 1,300 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Camping World by 20.4% in the 2nd quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock worth $401,000 after acquiring an additional 2,199 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Camping World by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 269,493 shares of the company’s stock worth $10,980,000 after acquiring an additional 2,362 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Camping World by 85.9% in the 3rd quarter. Legal & General Group Plc now owns 6,233 shares of the company’s stock worth $252,000 after acquiring an additional 2,880 shares in the last quarter. 36.43% of the stock is owned by hedge funds and other institutional investors.
About Camping World
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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