B.Riley FBR Sticks to Its Buy Rating for Vista Outdoor (VSTO)


In a report released today, Eric Wold from B.Riley FBR maintained a Buy rating on Vista Outdoor (VSTO), with a price target of $11. The company’s shares closed last Monday at $5.25, close to its 52-week low of $4.31.

Wold said:

“We are maintaining our Buy rating and $11 PT. Analyst certification and important disclosures can be found on pages 3 – 6 of this report. This document represents an abbreviated discussion of the subject issuer and should not be used as the sole basis for an investment decision. Contact your B. Riley FBR representative for complete research concerning the subject issuers, including research briefs and reports.Valuation Over the past three years, VSTO shares have traded in an EV-to-NTM EBITDA range of 6.8x–11.1x, with an average multiple of 8.7x. Our $11 PT is based on a 9.5x target multiple applied to our CY20 EBITDA estimate. Risks Retail sector disruption could worsen from here.”

According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 33.2% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

Vista Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $8.33, which is a 51.7% upside from current levels. In a report issued on August 21, Lake Street also maintained a Buy rating on the stock with a $9 price target.

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The company has a one-year high of $18.79 and a one-year low of $4.31. Currently, Vista Outdoor has an average volume of 640.7K.

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Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports, Outdoor Product, and Corporate.

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