Zacks: Vector Group Ltd (VGR) Receives Consensus Recommendation of “Hold” from Brokerages

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Vector Group Ltd (NYSE:VGR) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given Vector Group an industry rank of 99 out of 255 based on the ratings given to its competitors.

Several brokerages have recently issued reports on VGR. Zacks Investment Research upgraded shares of Vector Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, January 30th. Oppenheimer restated a “hold” rating on shares of Vector Group in a research note on Thursday, February 28th.

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in Vector Group in the 4th quarter valued at approximately $26,000. ERTS Wealth Advisors LLC purchased a new position in Vector Group in the 4th quarter valued at approximately $33,000. Baillie Gifford & Co. grew its stake in Vector Group by 21.4% in the 4th quarter. Baillie Gifford & Co. now owns 5,100 shares of the company’s stock valued at $50,000 after buying an additional 900 shares in the last quarter. Paradigm Financial Partners LLC purchased a new position in Vector Group in the 4th quarter valued at approximately $103,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Vector Group in the 3rd quarter valued at approximately $149,000. Institutional investors and hedge funds own 55.47% of the company’s stock.

Shares of VGR stock traded down $0.11 during trading hours on Tuesday, hitting $10.58. 854,660 shares of the company were exchanged, compared to its average volume of 1,383,178. Vector Group has a 52-week low of $9.21 and a 52-week high of $20.80. The firm has a market cap of $1.49 billion, a P/E ratio of 18.24 and a beta of 0.72.

Vector Group (NYSE:VGR) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.09. Vector Group had a net margin of 3.11% and a negative return on equity of 18.85%. Equities research analysts anticipate that Vector Group will post 0.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $1.60 annualized dividend and a dividend yield of 15.12%. Vector Group’s payout ratio is currently 275.86%.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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