Vector Group Ltd. (VGR) Rating Increased to Buy at TheStreet
Vector Group Ltd. (NYSE:VGR) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Vector Group from a “strong sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $27.00 price objective on shares of Vector Group in a research report on Tuesday, August 30th.
Shares of Vector Group (NYSE:VGR) opened at 21.68 on Friday. The company has a market cap of $2.68 billion, a PE ratio of 41.69 and a beta of 0.39. Vector Group has a one year low of $20.30 and a one year high of $25.60. The stock’s 50 day moving average price is $22.21 and its 200-day moving average price is $22.04.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $438.30 million for the quarter, compared to the consensus estimate of $430.70 million. Vector Group had a negative return on equity of 55.23% and a net margin of 3.65%. Vector Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. On average, analysts expect that Vector Group will post $0.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, September 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.38%. Vector Group’s dividend payout ratio is presently 313.73%.
Several large investors have recently bought and sold shares of the company. Cowen Group Inc. acquired a new stake in Vector Group during the second quarter worth $751,000. Royal Bank of Canada raised its stake in Vector Group by 1.1% in the second quarter. Royal Bank of Canada now owns 4,832,531 shares of the company’s stock worth $108,345,000 after buying an additional 54,446 shares in the last quarter. IFP Advisors Inc raised its stake in Vector Group by 6.5% in the second quarter. IFP Advisors Inc now owns 11,159 shares of the company’s stock worth $250,000 after buying an additional 680 shares in the last quarter. Investment Centers of America Inc. raised its stake in Vector Group by 5.0% in the second quarter. Investment Centers of America Inc. now owns 12,228 shares of the company’s stock worth $274,000 after buying an additional 578 shares in the last quarter. Finally, Sterneck Capital Management LLC raised its stake in Vector Group by 22.4% in the second quarter. Sterneck Capital Management LLC now owns 19,128 shares of the company’s stock worth $429,000 after buying an additional 3,500 shares in the last quarter. Institutional investors own 44.83% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
Receive News & Ratings for Vector Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.