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

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given an average rating of “Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.67.

A number of research analysts have recently weighed in on VSTO shares. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. StockNews.com started coverage on Vista Outdoor in a research report on Tuesday. They issued a “buy” rating for the company. Roth Mkm raised Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $38.00 in a report on Thursday, April 4th. Finally, Monness Crespi & Hardt boosted their target price on Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $35.67 on Friday. The business has a fifty day simple moving average of $33.16 and a 200 day simple moving average of $29.85. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $36.37. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -5.96 and a beta of 0.93.

Institutional Trading of Vista Outdoor

Hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after purchasing an additional 405 shares in the last quarter. Raymond James & Associates boosted its stake in Vista Outdoor by 3.7% during the third quarter. Raymond James & Associates now owns 95,881 shares of the company’s stock worth $3,176,000 after buying an additional 3,435 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Vista Outdoor in the 3rd quarter valued at $219,000. Brown Advisory Inc. raised its stake in shares of Vista Outdoor by 2.6% in the 3rd quarter. Brown Advisory Inc. now owns 1,154,590 shares of the company’s stock valued at $38,240,000 after buying an additional 28,996 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vista Outdoor by 30.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,465 shares of the company’s stock valued at $347,000 after buying an additional 2,451 shares in the last quarter. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Company Profile

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.