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

Camping World (NYSE:CWH) had its target price hoisted by equities researchers at Truist Financial from $26.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 23.78% from the stock’s current price.

Several other research firms have also recently issued reports on CWH. Roth Mkm reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. KeyCorp raised their target price on Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price target (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Finally, Bank of America initiated coverage on Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.71.

Camping World Stock Performance

Shares of NYSE CWH opened at $22.62 on Monday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -32.78, a PEG ratio of 1.00 and a beta of 2.49. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The company has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $22.47. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWH. Swiss National Bank lifted its stake in Camping World by 33.8% during the fourth quarter. Swiss National Bank now owns 111,700 shares of the company’s stock worth $2,355,000 after purchasing an additional 28,200 shares in the last quarter. Burkehill Global Management LP acquired a new position in Camping World during the 4th quarter worth about $15,810,000. TradeLink Capital LLC purchased a new position in Camping World during the 4th quarter valued at about $299,000. AlphaQuest LLC grew its position in Camping World by 494.9% in the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock valued at $166,000 after acquiring an additional 6,543 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Camping World during the fourth quarter worth about $1,465,000. Hedge funds and other 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.