Brokerages Set Vista Outdoor Inc. (NYSE:VSTO) PT at $51.83
Vista Outdoor Inc. (NYSE:VSTO) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $51.83.
VSTO has been the topic of a number of recent research reports. KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Tuesday, August 30th. Roth Capital began coverage on Vista Outdoor in a research report on Wednesday, June 15th. They set a “buy” rating and a $55.00 price target on the stock. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Morgan Stanley reissued a “hold” rating and set a $45.00 price target on shares of Vista Outdoor in a research report on Wednesday, August 17th. Finally, Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a research report on Monday, July 11th.
Vista Outdoor (NYSE:VSTO) opened at 39.15 on Monday. The firm has a 50 day moving average price of $39.32 and a 200-day moving average price of $46.41. Vista Outdoor has a 12 month low of $37.41 and a 12 month high of $53.91. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 16.99 and a beta of 0.30.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 11th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. The company earned $630.30 million during the quarter, compared to analyst estimates of $669.04 million. Vista Outdoor had a net margin of 5.96% and a return on equity of 9.13%. Vista Outdoor’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities analysts forecast that Vista Outdoor will post $2.65 EPS for the current year.
A number of institutional investors have recently made changes to their positions in VSTO. Mason Street Advisors LLC acquired a new position in shares of Vista Outdoor during the second quarter worth $1,322,000. Public Employees Retirement System of Ohio increased its position in shares of Vista Outdoor by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 24,806 shares of the company’s stock worth $1,184,000 after buying an additional 171 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Vista Outdoor by 12.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,455 shares of the company’s stock worth $9,855,000 after buying an additional 23,047 shares during the period. Walthausen & Co. LLC acquired a new position in shares of Vista Outdoor during the second quarter worth $10,310,000. Finally, Stifel Financial Corp acquired a new position in shares of Vista Outdoor during the second quarter worth $3,439,000. 93.55% of the stock is currently owned by hedge funds and other institutional investors.
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. The Company’s 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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