Cabela’s Incorporated Rating Increased to Buy at Monness Crespi & Hardt (CAB)
Cabela’s Incorporated (NYSE: CAB) was upgraded by research analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a report released on Friday. The firm currently has a $48.00 target price on the stock, up from their previous target price of $37.00.
Cabela’s Incorporated traded down 0.86% on Friday, hitting $37.87. Cabela’s Incorporated has a 52-week low of $19.12 and a 52-week high of $41.61. The company has a market cap of $2.608 billion and a price-to-earnings ratio of 19.10.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.32 EPS by $0.08. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Cabela’s Incorporated will post $0.58 EPS next quarter.
CAB has been the subject of a number of other recent research reports. Analysts at Feltl & Co. upgraded shares of Cabela’s Incorporated from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $43.50 price target on the stock, up previously from $40.00. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Cabela’s Incorporated to $43.00 in a research note to investors on Friday, April 20th. They now have a “neutral” rating on the stock.
Cabela’s Incorporated is a specialty retailer. It is the direct marketer, of hunting, fishing, camping, and related outdoor merchandise.