Sturm Ruger & Co. Coverage Initiated at Dougherty & Co (RGR)
Analysts at Dougherty & Co started coverage on shares of Sturm Ruger & Co. (NYSE:RGR) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Sturm Ruger & Co. (NYSE:RGR) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $59.60 price target on the stock.
Shares of Sturm Ruger & Co. (NYSE:RGR) opened at 63.62 on Tuesday. Sturm Ruger & Co. has a 52-week low of $40.00 and a 52-week high of $64.19. The stock’s 50-day moving average is $55.30 and its 200-day moving average is $51.34. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 13.47.
Sturm Ruger & Co. (NYSE:RGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.45. The company had revenue of $179.53 million for the quarter, compared to the consensus estimate of $154.70 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. Analysts expect that Sturm Ruger & Co. will post $5.15 EPS for the current fiscal year.
In other Sturm Ruger & Co. news, CEO Michael Fifer sold 10,001 shares of Sturm Ruger & Co. stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $60.00, for a total value of $600,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.
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