Vista Outdoor Inc. (NYSE:VSTO) Receives $41.20 Average Price Target from Analysts

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $41.20.

VSTO has been the topic of several research reports. StockNews.com began coverage on shares of Vista Outdoor in a report on Saturday. They set a “buy” rating on the stock. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Thursday, September 19th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th.

Institutional Investors Weigh In On Vista Outdoor

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor in the second quarter valued at about $36,000. Sound Income Strategies LLC acquired a new stake in Vista Outdoor in the 3rd quarter valued at about $41,000. Innealta Capital LLC purchased a new position in Vista Outdoor in the 2nd quarter worth approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Vista Outdoor during the 2nd quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the third quarter valued at approximately $204,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Stock Performance

VSTO stock opened at $44.42 on Wednesday. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.48. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -246.78 and a beta of 0.79. The business’s fifty day simple moving average is $42.71 and its two-hundred day simple moving average is $39.12. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Analysts predict that Vista Outdoor will post 4 earnings per share for the current year.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.