Price Action Report: A Reversal for Vista Outdoor Inc Is Not Near. The Stock Reaches 52 Week Low Today

Price Action Report: A Reversal for Vista Outdoor Inc Is Not Near. The Stock Reaches 52 Week Low Today

The stock of Vista Outdoor Inc (NYSE:VSTO) hit a new 52-week low and has $35.17 target or 6.00% below today’s $37.41 share price. The 8 months bearish chart indicates high risk for the $2.18 billion company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $35.17 price target is reached, the company will be worth $130.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 446,540 shares traded hands. Vista Outdoor Inc (NYSE:VSTO) has declined 28.41% since March 4, 2016 and is downtrending. It has underperformed by 36.45% the S&P500.

Analysts await Vista Outdoor Inc (NYSE:VSTO) to report earnings on November, 10. They expect $0.62 EPS, down 1.59% or $0.01 from last year’s $0.63 per share. VSTO’s profit will be $36.13 million for 15.08 P/E if the $0.62 EPS becomes a reality. After $0.48 actual EPS reported by Vista Outdoor Inc for the previous quarter, Wall Street now forecasts 29.17% EPS growth.

Vista Outdoor Inc (NYSE:VSTO) Ratings Coverage

Out of 9 analysts covering Vista Outdoor (NYSE:VSTO), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Vista Outdoor has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, August 12 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. The rating was initiated by CL King with “Buy” on Monday, September 19. Monness Crespi & Hardt maintained it with “Buy” rating and $57 target price in Friday, August 14 report. The firm has “Market Perform” rating given on Monday, March 28 by Cowen & Co. KeyBanc Capital Markets upgraded Vista Outdoor Inc (NYSE:VSTO) on Tuesday, August 30 to “Overweight” rating. The firm has “Buy” rating given on Friday, February 26 by Wunderlich. The firm has “Buy” rating by Wunderlich given on Thursday, August 13. The firm has “Buy” rating given on Friday, July 24 by BB&T Capital. On Tuesday, August 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Vista Outdoor Inc (NYSE:VSTO) earned “Buy” rating by DA Davidson on Thursday, February 18.

According to Zacks Investment Research, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah.”

More notable recent Vista Outdoor Inc (NYSE:VSTO) news were published by: Prnewswire.com which released: “Vista Outdoor to Host Company Investor Day” on October 06, 2016, also Marketwatch.com with their article: “Virtual Stock Exchange” published on February 10, 2015, Prnewswire.com published: “Vista Outdoor Donates Helmets, Water Bottles and Bicycles to National Ability …” on September 22, 2016. More interesting news about Vista Outdoor Inc (NYSE:VSTO) were released by: Prnewswire.com and their article: “Vista Outdoor Board of Directors Approves $100 Million Share Repurchase Program” published on August 25, 2016 as well as Prnewswire.com‘s news article titled: “Vista Outdoor Announces Agreement to Purchase Bell, Giro, C-Preme and …” with publication date: February 25, 2016.

VSTO Company Profile

Vista Outdoor Inc., incorporated on April 24, 2014, is a designer, maker and marketer of consumer products in the outdoor sports and recreation markets. The Firm operates through two divisions: Shooting Sports and Outdoor Products. The Firm serves the outdoor sports and recreation markets through a portfolio of over 40 brands that provide clients with a range of products, including sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders, performance eyewear, hydration products and stand up paddle boards. It serves a range of end consumers, including outdoor enthusiasts, hunters and recreational shooters, athletes, as well as law enforcement and military professionals. The Company’s products are sold through a range of mass, specialty and independent retailers. It also sells certain of its products directly to clients through the relevant brand’s Website.

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