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Equities research analysts at CRT Capital dropped their price target on shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) from $18.00 to $15.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective would indicate a potential upside of 14.50% from the stock’s previous close.

Smith & Wesson Holding Corp (NASDAQ:SWHC) opened at 11.50 on Wednesday. Smith & Wesson Holding Corp has a 1-year low of $10.25 and a 1-year high of $17.28. The stock has a 50-day moving average of $13.13 and a 200-day moving average of $14.20. The company has a market cap of $634.6 million and a price-to-earnings ratio of 8.85.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $131.90 million for the quarter, compared to the consensus estimate of $133.93 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, analysts predict that Smith & Wesson Holding Corp will post $1.36 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wedbush cut their price target on shares of Smith & Wesson Holding Corp from $20.00 to $15.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Smith & Wesson Holding Corp from $17.00 to $20.50 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Finally, analysts at Northland Securities reiterated an “outperform” rating on shares of Smith & Wesson Holding Corp in a research note on Friday, June 20th. They now have a $20.00 price target on the stock, down previously from $21.00. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a buy rating, Smith & Wesson Holding Corp currently has a consensus rating of “Buy” and an average target price of $17.83.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.

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