KushCo Holdings Inc (OTCMKTS:KSHB) Receives $6.33 Average PT from Brokerages

KushCo Holdings Inc (OTCMKTS:KSHB) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.33.

A number of equities research analysts have recently commented on KSHB shares. Northland Securities restated a “buy” rating and set a $6.00 target price on shares of KushCo in a research report on Friday, November 8th. Zacks Investment Research upgraded KushCo from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Thursday, November 14th. Compass Point raised their price objective on shares of KushCo from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Canaccord Genuity reiterated a “buy” rating and issued a $3.50 target price (down from $7.50) on shares of KushCo in a report on Friday, November 8th. They noted that the move was a valuation call. Finally, Jefferies Financial Group started coverage on shares of KushCo in a research report on Wednesday, November 27th. They set a “buy” rating and a $3.50 price target on the stock.

Shares of OTCMKTS KSHB traded down $0.10 during midday trading on Friday, reaching $1.68. 444,955 shares of the company’s stock traded hands, compared to its average volume of 702,152. The company has a market cap of $180.37 million, a price-to-earnings ratio of -4.80 and a beta of 1.62. The stock’s 50 day simple moving average is $1.66 and its 200-day simple moving average is $3.43. The company has a quick ratio of 1.29, a current ratio of 2.63 and a debt-to-equity ratio of 0.19. KushCo has a one year low of $1.26 and a one year high of $7.20.

KushCo (OTCMKTS:KSHB) last posted its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The company had revenue of $46.97 million during the quarter, compared to analyst estimates of $45.56 million. KushCo had a negative return on equity of 35.24% and a negative net margin of 26.35%. KushCo’s revenue was up 135.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Equities analysts predict that KushCo will post -0.24 EPS for the current fiscal year.

KushCo Company Profile

KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.

Further Reading: Hold Rating

Analyst Recommendations for KushCo (OTCMKTS:KSHB)

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