Vista Outdoor Inc. (VSTO) Given Buy Rating at Jefferies Group LLC
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating restated by Jefferies Group LLC in a note issued to investors on Wednesday.
Several other analysts have also recently issued reports on the company. KeyCorp started coverage on Vista Outdoor in a research note on Wednesday, August 30th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. BidaskClub cut Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. Finally, Forward View reiterated a “hold” rating and set a $23.00 price target on shares of Vista Outdoor in a research report on Sunday, August 20th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.23.
Vista Outdoor (NYSE VSTO) traded down 2.22% on Wednesday, reaching $20.72. The company’s stock had a trading volume of 984,419 shares. Vista Outdoor has a 52 week low of $18.32 and a 52 week high of $41.29. The firm’s 50 day moving average price is $22.37 and its 200-day moving average price is $22.37. The company’s market capitalization is $1.18 billion.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $552.49 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Vista Outdoor’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts predict that Vista Outdoor will post $1.24 EPS for the current year.
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Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in Vista Outdoor in the 2nd quarter worth approximately $113,000. Sphera Funds Management LTD. bought a new position in Vista Outdoor in the 2nd quarter worth approximately $135,000. US Bancorp DE grew its holdings in Vista Outdoor by 26.9% in the 1st quarter. US Bancorp DE now owns 9,672 shares of the company’s stock worth $199,000 after buying an additional 2,052 shares in the last quarter. Clinton Group Inc. bought a new position in Vista Outdoor in the 1st quarter worth approximately $208,000. Finally, Profund Advisors LLC grew its holdings in Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after buying an additional 698 shares in the last quarter.
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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