KeyCorp Issues Pessimistic Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its target price cut by equities research analysts at KeyCorp from $27.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 30.43% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Truist Financial upped their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Bank of America initiated coverage on Camping World in a research note on Thursday, December 19th. They issued a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Camping World Trading Down 0.9 %

NYSE:CWH opened at $16.87 on Thursday. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -24.44, a price-to-earnings-growth ratio of 0.92 and a beta of 2.57. Camping World has a one year low of $15.39 and a one year high of $28.33. The business has a fifty day moving average price of $20.81 and a 200-day moving average price of $22.10.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting the consensus estimate of ($0.55). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. Sell-side analysts forecast that Camping World will post -0.66 EPS for the current year.

Insider Activity at Camping World

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the acquisition, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CWH. Quest Partners LLC raised its position in Camping World by 5,647.8% in the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after purchasing an additional 1,299 shares during the period. Blue Trust Inc. raised its position in Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Camping World in the 4th quarter worth about $63,000. Sandia Investment Management LP purchased a new stake in Camping World in the 4th quarter worth about $105,000. Finally, Summit Investment Advisors Inc. raised its position in Camping World by 33.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after purchasing an additional 1,390 shares during the period. Institutional investors own 52.54% of the company’s stock.

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.