#10 - American Outdoor Brands Corp (NASDAQ:SWBI)
American Outdoor Brands Corp (NASDAQ: AOBC) - AOBC is the parent company of another American brand, Smith & Wesson. In fact, until 2016 the company was named Smith & Wesson Holding Corporation. While a handgun stock may be a non-starter for many investors, the stock is worth mentioning. The stock is currently trading near it's 52-week low and is down over 28 percent in 2019. However, analysts are continuing to give the stock a hold rating and have a consensus price target that would bring it right into the middle of its 52-week range at around $13 per share. The question surrounding the stock as we move towards the end of the year is have we seen the bottom for a struggling industry? There are arguments to be made each way and, so far aggressive bundling and promotions have allowed the company to meet expectations, albeit with a bar that is set low. AOBC will be one of the stocks to watch the most as the 2020 elections approach.
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
- $13.07
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.00 (37.7% Upside)
The United States economy is chugging along. The one potential spoiler is China. As the U.S. and China continue their trade war, there are some investors who are looking to adjust their portfolio to focus on companies that have an American focus. This isn’t always the easiest of tasks. Many of America’s biggest companies generate a significant amount of revenue overseas. However, there are many companies that are building and distributing iconic brand names in the United States. These companies can truly sport “Made in America” brands. We’ve tried to present a look at different sectors and companies that present different opportunities. As always we urge you to do your own research before deciding if any of these stocks make sense for your portfolio. If you’re looking for a resource that can give you a one-stop location for the latest news on these and other companies, including analysts’ recommendations, insider buying and the day’s top gainers and losers, consider a subscription to MarketBeat Daily Premium.
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