Analyst Rating Update on Smith & Wesson Holding Corporation (SWHC)

Smith & Wesson Holding Corporation (NASDAQ:SWHC) : The consensus on Smith & Wesson Holding Corporation (NASDAQ:SWHC) based on 9 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) : The consensus price target for Smith & Wesson Holding Corporation (NASDAQ:SWHC) is $27.33 for the short term with a standard deviation of $4.8. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $34, however, the pessimist price target for the company is $19.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Cowen & Company upgrades its rating on Smith & Wesson Holding Corporation (NASDAQ:SWHC). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The Analysts at Cowen & Company lowers the price target from $29 per share to $28 per share. The rating by the firm was issued on June 17, 2016.

Smith & Wesson Holding Corporation (NASDAQ:SWHC): stock turned positive on Tuesday. Though the stock opened at $25.64, the bulls momentum made the stock top out at $26.24 level for the day. The stock recorded a low of $25.62 and closed the trading day at $26.06, in the green by 1.76%. The total traded volume for the day was 1,749,810. The stock had closed at $25.61 in the previous days trading.

In an insider trading activity, The officer (See remarks.), of Smith & Wesson Holding Corp, Smith Mark Peter had unloaded 3,645 shares at $23.85 per share in a transaction on June 20, 2016. The total value of transaction was $86,933. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.