Skip to main content

Market Overview

UPDATE: CRT Capital Upgrades Sturm, Ruger & Company As Industry Outlook Continues To Improve


In a report published Thursday, CRT Capital analyst Brian Ruttenbur upgraded the rating on Sturm, Ruger & Company (NYSE: RGR) from Fair Value to Buy, and raised the price target from $54.00 to $62.00.

In the report, CRT Capital noted, "We have increased our price target on shares of RGR to $62 from $54. Our price target is based on a 2016 P/E multiple (raised from 17.5x to 19x) and a discounted cash flow analysis. Our 2016 EPS estimate is $3.04. We believe that the market will increase the multiple on firearms stocks in the near-term as the industry's outlook continues to improve. Shares of RGR are trading at 8.9x EV/estimated 2015 EBITDA. The Company's public peers are trading at an average of 8.1x. We are therefore upgrading shares of RGR to BUY from FAIR VALUE."

Sturm, Ruger & Company closed on Wednesday at $54.64.

Latest Ratings for RGR

Sep 2020Aegis CapitalInitiates Coverage OnHold
Aug 2017Aegis CapitalInitiates Coverage OnBuy
Mar 2017WunderlichInitiates Coverage OnHold

View More Analyst Ratings for RGR
View the Latest Analyst Ratings


Related Articles (RGR)

View Comments and Join the Discussion!

Posted-In: Brian Ruttenbur CRT CapitalAnalyst Color Upgrades Analyst Ratings

Latest Ratings

LBCredit SuisseMaintains36.0
TRGPCredit SuisseMaintains40.0
SNOWCredit SuisseMaintains275.0
DARCredit SuisseMaintains95.0
CLRMKM PartnersDowngrades26.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at