Zacks: Brokerages Set $27.00 Target Price for Vector Group Ltd (VGR)

Vector Group Ltd (NYSE:VGR) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $27.00 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Vector Group an industry rank of 192 out of 265 based on the ratings given to related companies.

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Several research firms recently issued reports on VGR. Zacks Investment Research reaffirmed a “hold” rating on shares of Vector Group in a report on Saturday, January 13th. ValuEngine cut shares of Vector Group from a “buy” rating to a “hold” rating in a report on Monday.

A number of institutional investors and hedge funds have recently bought and sold shares of VGR. First Trust Advisors LP acquired a new stake in Vector Group in the third quarter valued at $1,010,000. Raymond James Financial Services Advisors Inc. increased its stake in Vector Group by 58.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 26,731 shares of the company’s stock valued at $547,000 after purchasing an additional 9,823 shares during the last quarter. New York State Common Retirement Fund increased its stake in Vector Group by 5.0% during the third quarter. New York State Common Retirement Fund now owns 105,630 shares of the company’s stock valued at $2,162,000 after purchasing an additional 5,030 shares during the last quarter. Rhumbline Advisers increased its stake in Vector Group by 6.6% during the third quarter. Rhumbline Advisers now owns 101,557 shares of the company’s stock valued at $2,079,000 after purchasing an additional 6,332 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Vector Group by 25.0% during the third quarter. SG Americas Securities LLC now owns 55,931 shares of the company’s stock valued at $1,145,000 after purchasing an additional 11,187 shares during the last quarter. 49.25% of the stock is currently owned by hedge funds and other institutional investors.

VGR traded down $0.07 during trading on Friday, hitting $20.42. The company had a trading volume of 589,882 shares, compared to its average volume of 702,169. The stock has a market capitalization of $2,761.21, a PE ratio of 34.25 and a beta of 0.38. The company has a debt-to-equity ratio of -3.83, a current ratio of 3.00 and a quick ratio of 2.56. Vector Group has a 1-year low of $18.70 and a 1-year high of $23.14.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $435.70 million during the quarter, compared to analyst estimates of $425.80 million. Vector Group had a net margin of 4.68% and a negative return on equity of 28.77%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. equities research analysts forecast that Vector Group will post 0.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 20th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $1.60 annualized dividend and a yield of 7.84%. Vector Group’s dividend payout ratio is presently 266.67%.

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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, 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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