Vector Group Ltd. (VGR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Vector Group Ltd. (NYSE:VGR) from a hold rating to a buy rating in a report published on Friday. They currently have $23.00 price objective on the stock.

According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “

Several other equities research analysts have also issued reports on the company. TheStreet lowered Vector Group from a b- rating to a c+ rating in a report on Thursday, July 27th. BidaskClub upgraded Vector Group from a sell rating to a hold rating in a report on Thursday, August 10th.

Shares of Vector Group (NYSE VGR) traded up $0.49 during trading on Friday, hitting $21.79. The stock had a trading volume of 1,344,600 shares, compared to its average volume of 682,142. The firm has a market cap of $2,950.00, a price-to-earnings ratio of 33.26 and a beta of 0.43. The company has a current ratio of 2.61, a quick ratio of 2.29 and a debt-to-equity ratio of -3.97. Vector Group has a fifty-two week low of $18.70 and a fifty-two week high of $22.14.

Vector Group (NYSE:VGR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $484.60 million during the quarter, compared to analyst estimates of $448.00 million. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. equities research analysts predict that Vector Group will post 0.66 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Vector Group Ltd. (VGR) Upgraded at Zacks Investment Research” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2017/11/13/vector-group-ltd-vgr-upgraded-at-zacks-investment-research.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in Vector Group by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,114 shares of the company’s stock worth $109,000 after purchasing an additional 344 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vector Group by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,781 shares of the company’s stock worth $209,000 after purchasing an additional 1,289 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Vector Group in the 3rd quarter worth approximately $217,000. Prudential Financial Inc. lifted its holdings in Vector Group by 4.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,078 shares of the company’s stock worth $236,000 after purchasing an additional 470 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in Vector Group in the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 45.18% 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, 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.

Get a free copy of the Zacks research report on Vector Group (VGR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vector Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply