Share on StockTwits

Smith & Wesson Holding Corp (NASDAQ:SWHC)’s share price dropped 13.4% on Wednesday after Dougherty & Co downgraded the stock from a buy rating to a neutral rating, ARN reports. The company traded as low as $11.26 and last traded at $11.34, with a volume of 9,003,140 shares traded. The stock had previously closed at $13.10.

SWHC has been the subject of a number of other recent research reports. Analysts at Benchmark Co. reiterated a “buy” rating on shares of Smith & Wesson Holding Corp in a research note on Wednesday. They now have a $15.00 price target on the stock, down previously from $20.00. Separately, analysts at CRT Capital cut their price target on shares of Smith & Wesson Holding Corp from $18.00 to $15.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $16.83.

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 $627.8 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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue 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.

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

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.