Zacks Upgrades Smith & Wesson Holding Corp. to Outperform (SWHC)
Smith & Wesson Holding Corp. (NASDAQ:SWHC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, Analyst Ratings News reports. The firm currently has a $12.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 7.62% from the company’s current price.
Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded down 1.08% on Tuesday, hitting $11.03. 426,564 shares of the company’s stock traded hands. Smith & Wesson Holding Corp. has a 1-year low of $7.67 and a 1-year high of $13.38. The stock’s 50-day moving average is $11.04 and its 200-day moving average is $10.20. The company has a market cap of $691.1 million and a P/E ratio of 8.49.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its earnings data on Thursday, September 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $171.00 million for the quarter, compared to the consensus estimate of $165.02 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp. will post $1.32 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Litchfield Hills Research initiated coverage on shares of Smith & Wesson Holding Corp. in a research note to investors on Thursday, October 10th. They set a “buy” rating and a $21.00 price target on the stock. Separately, analysts at Dougherty & Co reiterated a “buy” rating on shares of Smith & Wesson Holding Corp. in a research note to investors on Friday, September 6th. They now have a $14.00 price target on the stock. Finally, analysts at KeyCorp downgraded shares of Smith & Wesson Holding Corp. from a “hold” rating to an “underweight” rating in a research note to investors on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.17.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.