KeyCorp began coverage on shares of Vista Outdoor Inc. (NYSE:VSTO) in a report released on Wednesday morning. The brokerage issued an overweight rating on the stock.

VSTO has been the topic of several other research reports. Jefferies Group LLC reissued a buy rating and set a $28.00 target price on shares of Vista Outdoor in a research report on Friday, May 12th. Zacks Investment Research raised Vista Outdoor from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Cowen and Company reissued a hold rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Tuesday, July 11th. BidaskClub downgraded Vista Outdoor from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, DA Davidson raised Vista Outdoor from a neutral rating to a buy rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Vista Outdoor presently has an average rating of Hold and a consensus target price of $29.54.

Shares of Vista Outdoor (VSTO) opened at 20.50 on Wednesday. The stock’s 50 day moving average price is $22.66 and its 200-day moving average price is $21.44. The stock’s market cap is $1.17 billion. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $41.29.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The business had revenue of $569 million for the quarter, compared to the consensus estimate of $552.49 million. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Vista Outdoor will post $1.24 earnings per share for the current year.

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Several large investors have recently modified their holdings of VSTO. Verition Fund Management LLC boosted its stake in shares of Vista Outdoor by 84.4% in the second quarter. Verition Fund Management LLC now owns 27,861 shares of the company’s stock valued at $627,000 after buying an additional 12,749 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Vista Outdoor during the second quarter valued at $278,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Vista Outdoor during the second quarter valued at $113,000. Financial Partners Capital Management LLC boosted its stake in shares of Vista Outdoor by 27.0% in the second quarter. Financial Partners Capital Management LLC now owns 19,075 shares of the company’s stock valued at $429,000 after buying an additional 4,050 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Vista Outdoor by 2,577.9% in the second quarter. The Manufacturers Life Insurance Company now owns 44,132 shares of the company’s stock valued at $993,000 after buying an additional 42,484 shares in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.

Vista Outdoor Company Profile

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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