American Outdoor Brands (AOBC) Rating Increased to Buy at ValuEngine
American Outdoor Brands (NASDAQ:AOBC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Other equities analysts also recently issued reports about the stock. Aegis reiterated a “buy” rating and set a $23.00 price target on shares of American Outdoor Brands in a report on Wednesday, September 20th. Forward View upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Cowen reiterated a “buy” rating and set a $19.00 price target (down from $27.00) on shares of American Outdoor Brands in a report on Friday, September 8th. Wedbush set a $20.00 price target on shares of American Outdoor Brands and gave the company a “buy” rating in a report on Friday, December 8th. Finally, TheStreet downgraded shares of American Outdoor Brands from a “b” rating to a “c” rating in a report on Thursday, September 7th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.37.
Shares of American Outdoor Brands (NASDAQ:AOBC) opened at $13.58 on Thursday. American Outdoor Brands has a fifty-two week low of $12.46 and a fifty-two week high of $24.49. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The firm has a market cap of $734.87, a PE ratio of 9.99, a PEG ratio of 1.50 and a beta of -0.13.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in American Outdoor Brands in the 2nd quarter worth about $108,000. Pacad Investment Ltd. bought a new position in American Outdoor Brands in the 2nd quarter worth about $122,000. Victory Capital Management Inc. bought a new position in American Outdoor Brands in the 2nd quarter worth about $125,000. Quantbot Technologies LP bought a new position in American Outdoor Brands in the 2nd quarter worth about $156,000. Finally, PNC Financial Services Group Inc. grew its stake in American Outdoor Brands by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 71.59% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “American Outdoor Brands (AOBC) Rating Increased to Buy at ValuEngine” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/17/american-outdoor-brands-aobc-rating-increased-to-buy-at-valuengine.html.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.