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

Camping World (NYSE:CWH) had its price objective reduced by equities researchers at Truist Financial from $14.00 to $10.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 63.80% from the stock’s current price.

Several other analysts also recently issued reports on the company. Bank of America reiterated a “buy” rating and issued a $14.00 price target on shares of Camping World in a report on Friday, July 31st. Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Robert W. Baird set a $7.00 target price on Camping World in a research note on Friday, July 31st. KeyCorp lowered their target price on Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.66.

Camping World Trading Down 1.2%

Shares of CWH traded down $0.07 during mid-day trading on Thursday, hitting $6.11. The company had a trading volume of 581,210 shares, compared to its average volume of 2,708,899. The stock has a market cap of $630.59 million, a PE ratio of -3.94 and a beta of 2.07. The business’s 50-day simple moving average is $6.43 and its 200-day simple moving average is $7.02. Camping World has a 1-year low of $5.49 and a 1-year high of $18.22. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The company’s revenue was down 2.1% on a year-over-year basis. Sell-side analysts forecast that Camping World will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWH. Caitong International Asset Management Co. Ltd acquired a new stake in Camping World during the 4th quarter valued at approximately $25,000. Allworth Financial LP increased its stake in shares of Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after buying an additional 2,852 shares during the last quarter. Quarry LP raised its holdings in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after acquiring an additional 1,502 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Camping World during the 2nd quarter valued at $28,000. Finally, Essential Partners LLC acquired a new position in Camping World during the 1st quarter worth $69,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.