#1 - American Outdoor Brands (NASDAQ:SWBI)
Shares of American Outdoor Brands (NASDAQ:SWBI) are up over 26% in the last six months. This is important to consider when thinking about gun stocks. SWBI stock was on the rise well before the nation first heard about a mysterious virus coming out of Wuhan, China.
If you’re new to gun stocks, American Outdoor Brands is the parent company of the iconic firearm brand Smith & Wesson. In fact, that was the company’s name until the beginning of 2017. At that time, the company wanted to have a name that better reflected the breadth of its product line which had grown to include outdoor gear and sporting goods.
However, the company still manufactures firearms. And the Smith & Wesson name is still one of the leading national brands. Since 2017, firearm sales have increased every year by a significant margin. Still, the company has announced plans to make a clear separation of its firearms business from the rest of the business.
The company is not widely covered by analysts, but it does have a consensus buy rating. And with a consensus 12-month price target of over $11 per share, there’s a lot of upside for SWBI stock, particularly during an election year which has been historically good for firearms sales.
About Smith & Wesson Brands
Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.
Read More - Current Price
- $16.12
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.00 (11.7% Upside)
