Cowen & Co. Keeps Their Hold Rating on American Outdoor Brands Corp (AOBC)

By Carrie Williams

Cowen & Co. analyst Cai Rumohr maintained a Hold rating on American Outdoor Brands Corp (AOBCResearch Report) today and set a price target of $12. The company’s shares closed yesterday at $12.21.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.9% and a 60.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Outdoor Brands Corp with a $13.43 average price target.

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Based on American Outdoor Brands Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $7.65 million. In comparison, last year the company had a net profit of $3.23 million.

Based on the recent corporate insider activity of 29 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 AOBC 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.

American Outdoor Brands Corp. engages in the manufacture of firearms. It opreates through the following business segments: Firearms; Outdoor Products and Accessories; and Corporate. The Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products.