ValuEngine upgraded shares of KushCo (OTCMKTS:KSHB) from a hold rating to a buy rating in a research note released on Tuesday, ValuEngine reports.

Several other analysts have also recently weighed in on the company. Northland Securities set a $9.00 price target on KushCo and gave the stock a buy rating in a report on Friday, March 8th. Zacks Investment Research cut KushCo from a hold rating to a sell rating in a report on Tuesday, January 1st. Finally, Seaport Global Securities initiated coverage on KushCo in a report on Thursday, February 21st. They set a buy rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $8.06.

OTCMKTS:KSHB opened at $5.60 on Tuesday. The company has a market cap of $492.90 million, a P/E ratio of -35.00 and a beta of 1.42. KushCo has a 1-year low of $3.76 and a 1-year high of $7.20.

In other KushCo news, Director Dallas Imbimbo sold 282,426 shares of KushCo stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $5.58, for a total value of $1,575,937.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Nicholas Kovacevich sold 200,000 shares of KushCo stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $5.86, for a total value of $1,172,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 732,426 shares of company stock valued at $4,159,437. 29.50% of the stock is currently owned by insiders.

KushCo Company Profile

KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.

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