In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Vista Outdoor (VSTO), with a price target of $13. The company’s shares closed yesterday at $8.14, close to its 52-week low of $7.47.
Wold commented:
“We are revisiting the better-than-consensus results reported by American Outdoor Brands Corp. (AOBC) after the close on the company’s FY20 guidance that indicates a continued expectation for a stabilization in firearms demand and improving trends towards the end of the fiscal year— helping to push AOBC shares higher by 8.3% in after-hours trading.”
According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 29.2% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Vista Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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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 $48.64 million. In comparison, last year the company had a GAAP net loss of $15.92 million.
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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.
