Zacks Investment Research downgraded Cabelas Inc (NYSE:CAB) to Sell in a report released today.
- Updated: September 27, 2016
Yesterday Cabelas Inc (NYSE:CAB) traded 0.06% higher at $52.11. CAB’s 50-day average is $50.03 and its two hundred day average is $50.08. With the last close up 4.39% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 497,150 shares of CAB changing hands under the typical 642,738
Zacks Investment Research has downgraded Cabelas Inc (NYSE:CAB) to Sell in a report released on Tuesday September 27, 2016.
Previously on 04/07/2016, Goldman Sachs reported about Cabelas Inc (NYSE:CAB) raised the target price from $42.00 to $50.00. At the time, this indicated a possible upside of 0.03%.
With a total market value of $0, Cabelas Inc has price-earnings ratio of 19.83 with a one year low of $33.03 and a one year high of $54.84 .
A total of 14 equity analysts have released a research note on CAB. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $48.50.
Brief Synopsis 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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