Sturm Ruger & Co. (NYSE:RGR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $67.60 target price on the stock. Zacks‘ price objective points to a potential upside of 7.94% from the stock’s previous close.
Shares of Sturm Ruger & Co. (NYSE:RGR) traded up 0.10% during mid-day trading on Tuesday, hitting $62.69. 201,189 shares of the company’s stock traded hands. Sturm Ruger & Co. has a 52 week low of $40.00 and a 52 week high of $65.85. The stock’s 50-day moving average is $56.43 and its 200-day moving average is $51.62. The company has a market cap of $1.212 billion and a price-to-earnings ratio of 13.26.
Sturm Ruger & Co. (NYSE:RGR) last released its earnings data on Wednesday, July 31st. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.45. The company had revenue of $179.53 million for the quarter, compared to the consensus estimate of $154.70 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts predict that Sturm Ruger & Co. will post $4.99 earnings per share for the current fiscal year.
In other Sturm Ruger & Co. news, CEO Michael Fifer unloaded 10,001 shares of Sturm Ruger & Co. stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $60.00, for a total transaction of $600,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Dougherty & Co initiated coverage on shares of Sturm Ruger & Co. (NYSE:RGR) in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock.
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.
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