Zacks: Vector Group Ltd. (VGR) Given Consensus Recommendation of “Strong Buy” by Brokerages
Shares of Vector Group Ltd. (NYSE:VGR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $27.00 for the company and are predicting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Vector Group an industry rank of 85 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Vector Group from a “sell” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, May 3rd. TheStreet downgraded Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. raised its position in Vector Group by 15.3% in the first quarter. KCG Holdings Inc. now owns 17,097 shares of the company’s stock valued at $356,000 after buying an additional 2,266 shares during the period. Suntrust Banks Inc. raised its position in shares of Vector Group by 9.4% in the first quarter. Suntrust Banks Inc. now owns 92,685 shares of the company’s stock worth $1,927,000 after buying an additional 7,963 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Vector Group during the first quarter worth about $1,482,000. Schwab Charles Investment Management Inc. raised its position in shares of Vector Group by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 525,579 shares of the company’s stock worth $10,933,000 after buying an additional 30,491 shares during the last quarter. Finally, Sapphire Star Partners LP raised its position in shares of Vector Group by 15.7% in the second quarter. Sapphire Star Partners LP now owns 14,033 shares of the company’s stock worth $299,000 after buying an additional 1,902 shares during the last quarter. Institutional investors and hedge funds own 47.68% of the company’s stock.
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Vector Group (VGR) opened at 21.33 on Thursday. Vector Group has a 12-month low of $19.63 and a 12-month high of $23.24. The company has a 50 day moving average of $20.99 and a 200-day moving average of $21.36. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 57.65 and a beta of 0.46.
Vector Group (NYSE:VGR) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $472 million during the quarter, compared to the consensus estimate of $449.40 million. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts forecast that Vector Group will post $0.67 earnings per share for the current year.
About Vector Group
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, 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.
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