MKM Partners Maintained Cabela’s (NYSE:CAB) As a “Buy”; They Now Have a Target Price per Share Of $56.00

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Cabela’s (NYSE:CAB) Rating Reaffirmed

MKM Partners now has a $56.00 price target on the $3.31 billion market cap company or 16.81% upside potential. In analysts report revealed to clients on Thursday, 3 December, Cabela’s (NYSE:CAB) shares have had their “Buy” Rating reiterated by research professionals 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 1.80% above today’s ($47.85) 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.

Approximately 412,708 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 $3.31 billion. The Firm operates under the following divisions: Retail, Direct, Financial Services, and Corporate Overhead and Other. It has 18.08 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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