After Forming Double Bottom Pattern, Is Vista Outdoor Inc. (VSTO)’s Near-Term Analysis Negative?

May 17, 2018 - By Michael Taylor

Vista Outdoor Inc. (NYSE:VSTO) Logo

The chart of Vista Outdoor Inc. (VSTO) shows a double bottom with $13.63 target or 4.00 % below today’s $14.20 share price. The 8 months chart pattern indicates high risk for the $815.52M company. It was reported on May, 17 by Finviz.com. If the $13.63 price target is reached, the company will be worth $32.62M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.50% or $0.07 during the last trading session, reaching $14.2. About 430,243 shares traded. Vista Outdoor Inc. (NYSE:VSTO) has declined 21.31% since May 17, 2017 and is downtrending. It has underperformed by 32.86% the S&P500.

Analysts await Vista Outdoor Inc. (NYSE:VSTO) to report earnings on August, 9. They expect $-0.02 EPS, down 108.33 % or $0.26 from last year’s $0.24 per share. After $-0.22 actual EPS reported by Vista Outdoor Inc. for the previous quarter, Wall Street now forecasts -90.91 % EPS growth.

Vista Outdoor Inc. (NYSE:VSTO) Ratings Coverage

Among 2 analysts covering Vista Outdoor (NYSE:VSTO), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Vista Outdoor had 2 analyst reports since February 5, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Monday, February 5 by Roth Capital.

More news for Vista Outdoor Inc. (NYSE:VSTO) were recently published by: Seekingalpha.com, which released: “Strategy shift at Vista Outdoor” on May 01, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows TechnipFMC plc, Oceaneering International, FIS, Vista Outdoor, Taylor Morrison Home, and …” and published on May 10, 2018 is yet another important article.

Vista Outdoor Inc. designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company has market cap of $815.52 million. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands. It currently has negative earnings. The Company’s Outdoor Products segment offers helmets, goggles, and accessories for cycling, snow sports, action sports, and powersports; hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; camping products, such as outdoor cooking solutions; and water sports products consisting of stand up paddle boards.

Vista Outdoor Inc. (NYSE:VSTO) Ratings Chart

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