Cabela's (NYSE:CAB) has been downgraded from Buy to Hold in a statement by Feltl & Co earlier today.
- Updated: October 3, 2016
Feltl & Co has downgraded Cabela's (NYSE:CAB) from Buy to Hold in a statement released on 10/03/2016.
Having a price of $54.93, Cabela's (NYSE:CAB) traded 14.67% higher on the day. With the last close up 25.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. CAB has recorded a 50-day moving average of $50.23 and a 200-day moving average of $50.20. 11,138,066 shares of CAB traded hands, up from an average trading volume of 666,064
Recent Performance Chart
Cabela's has a 52 week low of $33.03 and a 52 week high of $63.00 with a P/E ratio of 23.89 The company’s market cap is currently $0.
In addition to Feltl & Co 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 equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
More About Cabela's (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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