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

Camping World (NYSE:CWH) had its price target decreased by equities researchers at Truist Financial from $10.00 to $7.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price target would suggest a potential upside of 59.60% from the stock’s current price.

Several other equities research analysts have also commented on CWH. Citigroup lowered shares of Camping World from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.00 in a research report on Wednesday, November 4th. KeyCorp lowered their price objective on shares of Camping World from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Wall Street Zen downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research lowered shares of Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Camping World in a research report on Friday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Camping World Price Performance

NYSE CWH opened at $4.39 on Wednesday. The business’s fifty day moving average price is $5.15 and its 200-day moving average price is $7.13. The stock has a market capitalization of $453.05 million, a price-to-earnings ratio of -1.10 and a beta of 2.21. The company has a debt-to-equity ratio of 18.55, a current ratio of 1.24 and a quick ratio of 0.30. Camping World has a 1-year low of $3.96 and a 1-year high of $15.18.

Camping World (NYSE:CWH) last posted its earnings results on Monday, November 2nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.33). The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.65 billion. Camping World had a negative net margin of 4.20% and a negative return on equity of 22.04%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. On average, equities analysts predict that Camping World will post -0.55 earnings per share for the current year.

Institutional Trading of Camping World

Several institutional investors and hedge funds have recently modified their holdings of CWH. Entropy Technologies LP lifted its stake in shares of Camping World by 5.3% during the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after buying an additional 2,048 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Camping World by 6.4% in the 1st quarter. Hsbc Holdings PLC now owns 36,843 shares of the company’s stock worth $252,000 after buying an additional 2,214 shares during the period. Allworth Financial LP increased its stake in Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after buying an additional 2,852 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Camping World in the 2nd quarter worth $28,000. Finally, Essential Partners LLC bought a new stake in Camping World during the first quarter valued at about $69,000. 52.54% of the stock is currently owned by institutional investors.

About Camping World

Camping World Holdings, Inc. is a U.S.-based recreational vehicle retailer that sells new and pre-owned motorhomes, travel trailers and other RVs through a network of dealerships. The company also provides RV maintenance and repair services and sells parts, accessories and related products. Its offerings include financing and insurance products, extended service plans and other services for RV owners. Camping World also operates the Good Sam brand, which provides membership benefits and services such as roadside assistance and travel-related resources.