In a report released today, Gautam Khanna from Cowen & Co. maintained a Hold rating on Vista Outdoor (NYSE: VSTO), with a price target of $16. The company’s shares closed yesterday at $16.47.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.1% and a 78.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and ManTech.
Currently, the analyst consensus on Vista Outdoor is a Hold with an average price target of $16.
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Based on Vista Outdoor’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $15.92 million. In comparison, last year the company had a net profit of $16.65 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VSTO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the Shooting Sports and Outdoor Product segments.
