Vista Outdoor Inc. (VSTO) Given “Hold” Rating at Forward View
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “hold” rating reiterated by research analysts at Forward View in a report issued on Sunday. They presently have a $23.00 target price on the stock. Forward View’s target price suggests a potential downside of 0.65% from the company’s previous close.
Several other brokerages have also recently issued reports on VSTO. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, August 15th. BidaskClub cut Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Cowen and Company restated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. Finally, Roth Capital set a $20.00 price target on Vista Outdoor and gave the company a “hold” rating in a research report on Saturday, May 13th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.86.
Vista Outdoor (NYSE:VSTO) opened at 23.15 on Friday. Vista Outdoor has a 52-week low of $18.32 and a 52-week high of $41.29. The company’s market capitalization is $1.32 billion. The stock has a 50 day moving average price of $22.86 and a 200 day moving average price of $21.67.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The business had revenue of $569 million for the quarter, compared to analysts’ expectations of $552.49 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was down 9.7% compared to the same quarter last year. On average, equities analysts expect that Vista Outdoor will post $1.23 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Vista Outdoor during the second quarter valued at about $113,000. State of Alaska Department of Revenue acquired a new position in Vista Outdoor during the first quarter valued at about $129,000. Sphera Funds Management LTD. acquired a new position in Vista Outdoor during the second quarter valued at about $135,000. Segantii Capital Management Ltd acquired a new position in Vista Outdoor during the first quarter valued at about $164,000. Finally, Neuburgh Advisers LLC boosted its position in Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock valued at $180,000 after buying an additional 7,008 shares during the last quarter. Institutional investors own 99.98% of the company’s stock.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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