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Stock analysts at Cowen and Company dropped their price target on shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) from $20.50 to $16.00 in a report issued on Wednesday. Cowen and Company’s price objective would indicate a potential upside of 41.41% from the company’s current price.

A number of other firms have also recently commented on SWHC. Analysts at KeyCorp reiterated an “underweight” rating on shares of Smith & Wesson Holding Corp in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $11.00. Separately, analysts at Dougherty & Co downgraded shares of Smith & Wesson Holding Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.50 price target on the stock. Finally, analysts at Benchmark Co. 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 a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.45.

Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) traded down 13.63% on Wednesday, hitting $11.315. 11,948,689 shares of the company’s stock traded hands. Smith & Wesson Holding Corp has a 52-week low of $10.25 and a 52-week high of $17.28. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $14.20. The company has a market cap of $624.4 million and a price-to-earnings ratio of 8.85.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last released its earnings data on Tuesday, August 26th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.45 earnings per share. Smith & Wesson Holding Corp’s revenue was down 22.9% compared to the same quarter last year. On average, analysts predict that Smith & Wesson Holding Corp will post $1.36 earnings per share for the current fiscal year.

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

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