16.93% to Target, MKM Partners Maintains ‘Buy’ Rating on Cabela’s (NYSE:CAB) Shares Today

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Cabela’s (NYSE:CAB) Rating Reaffirmed

MKM Partners now has a $56.0 target PPS on the $3.25B market cap company or 16.93% upside potential. In a recent research report revealed to clients and investors on 3 December, Cabela’s (NYSE:CAB) shares have had their Buy Rating has reaffirmed by equity analysts at MKM Partners.

From a total of 14 analysts covering Cabela’s (NYSE:CAB) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 12 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is $64 while the lowest target price is $36. The mean of all analyst targets is $48.36 with a 1.69% above today’s ($47.9) stock price. Cabela’s was the topic of 15 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Barclays Capital initiated shares on November 4 with “Overweight” rating. Credit Suisse downgraded shares to “Neutral” rating and $38 target share price in a report from an October 22. Northcoast downgraded CAB stock in a recent report from October 23 to “Neutral” rating. DA Davidson downgraded the rating on October 14. DA Davidson has a “Neutral” rating and a $47 price target on shares. Finally, Barrington Research downgraded the stock to “Mkt Perform” rating in a report issued on an October 23.

The stock increased 2.13% or $1 during the last trading session, striking $47.9. Approximately shares of stock traded hands. Cabelas Inc (NYSE:CAB) has declined 9.20% since April 30, 2015 and is downtrending. It has underperformed by 8.91% the S&P500.

Cabela’s Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The company has a market cap of $3.25 billion. The Firm operates under the following divisions: Retail, Direct, Financial Services, and Corporate Overhead and Other. It has 18.09 P/E ratio. The Retail Business segment enables clients to access and use its retail stores, Web and social media channels, and catalogs.

According to Zacks Investment Research, “Cabelas Inc is the nation’s largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise.” Get a free copy of the Zacks research report on Cabelas Inc (CAB).

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