Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Smith & Wesson Brands, Inc. on Friday, setting a price target of $24, which is approximately 32.12% above the present share price of $18.17.
Rumohr expects Smith & Wesson Brands, Inc. to post earnings per share (EPS) of -$1.20 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Smith & Wesson Brands, with an average price target of $23.75.
The analysts price targets range from a high of $25 to a low of $22.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $233.64 million and a net profit of $32.91 million. The company's market cap is $1.02 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 60.93% success rate.
American Outdoor Brands (NASDAQ:SWBI) Corp. is a holding company, which engages in the manufacture, design, and provision of firearms. It operates through the Firearms and Outdoor Products & Accessories segments. The Firearms segment comprises the manufacture of handguns, long guns, handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers. The Outdoor Products & Accessories segment engages in the distribution, manufacture, and design of reloading, gunsmithing, and gun cleaning supplies; stainless-steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. The company was founded by Michell A. Saltz on June 17, 1991 and is headquartered in Springfield, MA.