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Smith & Wesson Holding Corp (NASDAQ:SWHC)‘s stock had its “underweight” rating reaffirmed by stock analysts at KeyCorp in a report issued on Wednesday. They currently have a $10.00 target price on the stock, down from their previous target price of $11.00. KeyCorp’s target price points to a potential downside of 23.66% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One 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 presently has an average rating of “Buy” and an average price target of $16.83.

Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) traded down 13.89% on Wednesday, hitting $11.28. 7,881,931 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 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 $622.5 million and a P/E ratio of 8.85.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last announced its earnings results 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.

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