Goldman Sachs Group Inc. disclosed Cabelas Inc (NYSE:CAB), upping its target price to $53.00 today
- Updated: October 3, 2016
Yesterday Cabelas Inc (NYSE:CAB) traded 14.67% higher at $54.93. The company’s 50-day moving average is $50.23 and its 200-day moving average is $50.20. The last closing price is up 25.48% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 11,138,066 shares of Cabelas Inc exchanged hands, up from an avg. volume of 666,064
Cabelas Inc (NYSE:CAB) had its target price raised to $53.00 by Goldman Sachs Group Inc. in an issued report issued 10/3/2016. The upped target suggests a potential downside of -0.04% based on the company's last stock close price.
With a total market value of $0, Cabelas Inc has price-earnings ratio of 23.89 with a one year low of $33.03 and a one year high of $63.00 .
A total of 14 equity analysts have released a ratings update on the stock. 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 14 firms rating the stock a hold, 0 analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $48.50.
More 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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