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Cabelas Inc (NYSE:CAB) has been downgraded to Neutral in a report by MKM Partners today.

Just yesterday Cabelas Inc (NYSE:CAB) traded 0.22% higher at $63.18. The company’s 50-day moving average is $50.55 and its 200-day moving average is $50.36. The last stock close price is up 25.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 6,788,264 shares of the stock were exchanged, up from an average trading volume of 968,353

MKM Partners has downgraded Cabelas Inc (NYSE:CAB) to Neutral in a report released on Tuesday October 04, 2016.

Previously on 10/03/2016, Goldman Sachs Group Inc. reported on Cabelas Inc (NYSE:CAB) increased the target price from $0.00 to $53.00. At the time, this indicated a possible downside of -0.04%.

See Chart Below

Cabelas Inc (NYSE:CAB)

Cabelas Inc has a 52 week low of $33.03 and a 52 week high of $63.38 with a P/E ratio of 24.01 The company’s market cap is currently $0.

In addition to MKM Partners reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $48.50 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 14 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Cabelas Inc (NYSE:CAB)

Cabela's Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company offers national and regional brand products, including its Cabela's brand. The Company's segments include Retail, Direct, Financial Services, and Corporate Overhead and Other. The Retail segment sells products and services through its retail stores. The Retail segment enables customers to access and use its retail stores, Web and social media channels, and catalogs. The Direct segment sells products through its e-commerce Websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. The Financial Services segment issues co-branded credit cards and provides customers with a rewards program. Its products include merchandise and equipment for hunting, fishing, marine use and camping, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme.

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