Brokerage Firm Rating Update on Smith & Wesson Holding Corporation (SWHC)
Smith & Wesson Holding Corporation (SWHC) : 3 brokerage houses believe that Smith & Wesson Holding Corporation (SWHC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Smith & Wesson Holding Corporation (SWHC). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.13.
Smith & Wesson Holding Corporation (SWHC) stock is expected to deviate a maximum of $4.89 from the average target price of $31.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $37 and the most muted being $23.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Cowen & Company upgrades its outlook on Smith & Wesson Holding Corporation (NASDAQ:SWHC). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The brokerage firm 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): The stock opened at $27.84 and touched an intraday high of $28.04 on Wednesday. During the day, the stock corrected to an intraday low of $27.61, however, the bulls stepped in and pushed the price higher to close in the green at $28.03 with a gain of 0.25% for the day. The total traded volume for the day was 2,292,538. The stock had closed at $27.96 in the previous trading session.
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.
Source : http://www.thefoundersdaily.com/brokerage-firm-rating-update-on-smith-wesson-holding-corporation-swhc/669598/