Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report released on Tuesday. The brokerage issued a buy rating on the stock.

Several other brokerages have also commented on VSTO. Monness Crespi & Hardt boosted their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Roth Mkm raised shares of Vista Outdoor from a neutral rating to a buy rating and boosted their price objective for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. Finally, Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $34.67.

Vista Outdoor Stock Up 0.7 %

VSTO opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $36.37. The stock has a market capitalization of $2.09 billion, a P/E ratio of -6.01 and a beta of 0.93. The business has a 50 day simple moving average of $33.06 and a 200-day simple moving average of $29.81.

Institutional Investors Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates lifted its holdings in shares of Vista Outdoor by 3.7% in the third quarter. Raymond James & Associates now owns 95,881 shares of the company’s stock valued at $3,176,000 after purchasing an additional 3,435 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Vista Outdoor during the 3rd quarter valued at $219,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vista Outdoor by 30.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,465 shares of the company’s stock worth $347,000 after buying an additional 2,451 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Vista Outdoor in the third quarter worth $307,000. Finally, Fifth Third Bancorp raised its holdings in shares of Vista Outdoor by 208.6% in the third quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

About Vista Outdoor

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.