KeyCorp Cuts Camping World (NYSE:CWH) Price Target to $22.00

Camping World (NYSE:CWH - Get Free Report) had its price objective cut by analysts at KeyCorp from $27.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 23.85% from the stock's current price.

A number of other equities analysts have also recently weighed in on CWH. Bank of America started coverage on shares of Camping World in a research report on Thursday, December 19th. They set a "buy" rating and a $30.00 price objective for the company. Truist Financial raised their price target on Camping World from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Camping World Trading Up 5.2 %

CWH stock traded up $0.88 during midday trading on Thursday, hitting $17.76. 1,789,066 shares of the company's stock were exchanged, compared to its average volume of 1,186,395. Camping World has a 1-year low of $15.39 and a 1-year high of $28.33. The business has a 50-day simple moving average of $20.72 and a two-hundred day simple moving average of $22.07. The stock has a market capitalization of $1.81 billion, a PE ratio of -25.74, a P/E/G ratio of 0.92 and a beta of 2.57. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67.

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Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.55). The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. On average, sell-side analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the purchase, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 43.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Camping World

Several large investors have recently modified their holdings of CWH. Hood River Capital Management LLC purchased a new stake in Camping World in the 4th quarter valued at approximately $62,142,000. Vanguard Group Inc. increased its holdings in shares of Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock valued at $122,003,000 after purchasing an additional 1,630,307 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Camping World during the 4th quarter valued at approximately $33,698,000. Interval Partners LP raised its holdings in Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock worth $60,623,000 after purchasing an additional 1,202,258 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock worth $72,151,000 after buying an additional 975,168 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.