Why Is Vista Outdoor Stock Surging Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: Benzinga
Vista Outdoor Inc. Transactions: Vista Outdoor is set to sell Revelyst to Strategic Value Partners for $1.125 billion and has amended its merger agreement with Czechoslovak Group to acquire The Kinetic Group for $2.225 billion, valuing the company at $3.35 billion.
Stockholder Benefits and Approvals: Upon completion of these transactions, Vista Outdoor stockholders are expected to receive approximately $45 per share in cash, with all necessary regulatory approvals already obtained and a closing date anticipated by January 2025.
Analyst Views on SFLO
Wall Street analysts forecast SFLO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFLO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.457
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Current: 30.457
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
