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Vista Outdoor (NYSE:VSTO) Receives Hold Rating from Cowen

Vista Outdoor (NYSE:VSTO)‘s stock had its “hold” rating reissued by analysts at Cowen in a research report issued on Sunday, reports. They currently have a $9.00 price objective on the stock. Cowen’s price target suggests a potential downside of 6.93% from the company’s current price.

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A number of other brokerages have also recently commented on VSTO. B. Riley set a $11.00 target price on Vista Outdoor and gave the stock a “buy” rating in a report on Monday, September 30th. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Friday. ValuEngine cut Vista Outdoor from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, DA Davidson assumed coverage on Vista Outdoor in a report on Friday, October 11th. They issued a “neutral” rating and a $6.50 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Vista Outdoor has a consensus rating of “Buy” and an average price target of $9.54.

Vista Outdoor stock traded up $0.62 during trading on Friday, reaching $9.67. The company had a trading volume of 1,882,788 shares, compared to its average volume of 637,294. Vista Outdoor has a 52 week low of $4.30 and a 52 week high of $14.04. The firm’s 50-day simple moving average is $6.48 and its 200 day simple moving average is $7.31. The firm has a market capitalization of $404.28 million, a price-to-earnings ratio of 69.07 and a beta of 0.46. The company has a current ratio of 2.96, a quick ratio of 1.82 and a debt-to-equity ratio of 1.37.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The company had revenue of $459.77 million during the quarter, compared to the consensus estimate of $471.41 million. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. On average, analysts predict that Vista Outdoor will post 0.13 earnings per share for the current year.

In other Vista Outdoor news, CFO Miguel A. Lopez purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $4.81 per share, for a total transaction of $48,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher T. Metz purchased 33,730 shares of the business’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $4.46 per share, with a total value of $150,435.80. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

A number of hedge funds have recently modified their holdings of VSTO. NumerixS Investment Technologies Inc purchased a new position in shares of Vista Outdoor during the second quarter valued at about $40,000. Bank of Montreal Can lifted its stake in Vista Outdoor by 509.1% in the second quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock worth $47,000 after purchasing an additional 4,399 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Vista Outdoor in the second quarter worth about $65,000. Point72 Hong Kong Ltd bought a new stake in Vista Outdoor in the second quarter worth about $69,000. Finally, Magnus Financial Group LLC bought a new stake in Vista Outdoor in the second quarter worth about $103,000. Institutional investors and hedge funds own 93.38% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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