Vector Group Ltd. (NYSE:VGR) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $25.71 for the company and are anticipating that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vector Group an industry rank of 60 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. TheStreet upgraded Vector Group from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $27.00 price objective on shares of Vector Group in a report on Tuesday, August 30th.
Vector Group (NYSE:VGR) traded up 0.5898% on Thursday, hitting $20.4499. 231,183 shares of the stock were exchanged. Vector Group has a one year low of $19.33 and a one year high of $24.38. The company has a market cap of $2.66 billion, a P/E ratio of 41.2296 and a beta of 0.39. The company’s 50 day moving average price is $21.46 and its 200-day moving average price is $20.95.
Vector Group (NYSE:VGR) last issued its earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The business earned $438.30 million during the quarter, compared to analyst estimates of $430.70 million. Vector Group had a net margin of 3.65% and a negative return on equity of 55.23%. Vector Group’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Equities research analysts predict that Vector Group will post $0.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $1.60 dividend on an annualized basis and a yield of 7.87%. Vector Group’s dividend payout ratio is currently 329.41%.
Institutional investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC boosted its stake in shares of Vector Group by 32.9% in the first quarter. Magnetar Financial LLC now owns 12,850 shares of the company’s stock worth $293,000 after buying an additional 3,183 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Vector Group by 7.6% in the first quarter. Renaissance Technologies LLC now owns 6,486,096 shares of the company’s stock worth $148,142,000 after buying an additional 460,865 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Vector Group by 0.6% in the first quarter. Loomis Sayles & Co. L P now owns 642,466 shares of the company’s stock worth $14,674,000 after buying an additional 3,877 shares during the last quarter. State Street Corp boosted its stake in shares of Vector Group by 3.5% in the first quarter. State Street Corp now owns 1,536,568 shares of the company’s stock worth $35,095,000 after buying an additional 52,494 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Vector Group by 23.4% in the first quarter. BB&T Securities LLC now owns 33,132 shares of the company’s stock worth $756,000 after buying an additional 6,290 shares during the last quarter. Hedge funds and other institutional investors own 41.93% 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.
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