Vista Outdoor Inc. (NYSE:VSTO) Given Average Rating of “Buy” by Analysts

Vista Outdoor Inc. (NYSE:VSTO) has earned a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.67.

VSTO has been the topic of a number of recent research reports. Monness Crespi & Hardt lifted their target price on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. StockNews.com assumed coverage on Vista Outdoor in a research report on Monday, April 29th. They set a “buy” rating on the stock. Roth Mkm raised Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Finally, Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th.

Vista Outdoor Price Performance

NYSE:VSTO opened at $35.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The stock’s 50-day simple moving average is $32.73 and its 200 day simple moving average is $29.51. The company has a market cap of $2.06 billion, a P/E ratio of -5.91 and a beta of 0.93. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $35.61.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The company had revenue of $682.25 million during the quarter, compared to analyst estimates of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. As a group, sell-side analysts forecast that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Vista Outdoor by 208.6% during the third quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares during the period. CWM LLC boosted its stake in shares of Vista Outdoor by 68.4% in the third quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after buying an additional 405 shares during the period. Ancora Advisors LLC boosted its stake in shares of Vista Outdoor by 162.5% in the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $52,000 after buying an additional 975 shares during the period. NBC Securities Inc. bought a new stake in shares of Vista Outdoor in the third quarter valued at approximately $78,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor in the first quarter valued at approximately $203,000. Institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.