Stock Rating Upgrade
The Value Trend Rating for Vista Outdoor Inc (NYSE: VSTO) rose significantly recently from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/14/24, Vista Outdoor Inc (NYSE: VSTO) stock declined slightly by -0.06%, closing at $35.94. However, this decline was accompanied by below average trading volume at 67% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
VSTO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Vista Outdoor has a current Value Trend Rating of A (Highest Rating). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Vista Outdoor has a slightly positive Appreciation Score of 68 and a good Power Rating of 74, producing the Highest Value Trend Rating.
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