Vista Outdoor (VSTO) Receives a Rating Update from a Top Analyst

By Austin Angelo

Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Vista Outdoor (VSTOResearch Report) yesterday and set a price target of $9.00. The company’s shares closed last Monday at $9.67.

According to TipRanks.com, Khanna is a top 100 analyst with an average return of 14.9% and a 77.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies, Albany International, and Huntington Ingalls.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vista Outdoor with a $9.13 average price target.

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Based on Vista Outdoor’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $16.62 million. In comparison, last year the company had a GAAP net loss of $32.82 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 and Outdoor Products. The Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components and firearms.