Shares of Vector Group Ltd (NYSE:VGR) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $27.00 for the company and are anticipating that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Vector Group an industry rank of 241 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Vector Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, November 10th.
Vector Group (NYSE:VGR) traded up $0.20 during midday trading on Monday, hitting $21.91. The stock had a trading volume of 587,269 shares, compared to its average volume of 631,710. Vector Group has a 52 week low of $18.70 and a 52 week high of $23.14. The firm has a market capitalization of $2,934.73, a price-to-earnings ratio of 66.39 and a beta of 0.45. The company has a debt-to-equity ratio of -3.97, a quick ratio of 2.29 and a current ratio of 2.61.
Vector Group (NYSE:VGR) last announced its earnings results on Tuesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. The business had revenue of $484.60 million for the quarter, compared to analyst estimates of $448.00 million. During the same quarter last year, the firm earned $0.18 EPS. Vector Group’s revenue for the quarter was up 5.6% compared to the same quarter last year. analysts anticipate that Vector Group will post 0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend was Tuesday, December 19th. Vector Group’s dividend payout ratio is presently 484.85%.
A number of institutional investors have recently made changes to their positions in VGR. Bank of Nova Scotia acquired a new stake in Vector Group in the 2nd quarter valued at approximately $12,230,000. Ladenburg Thalmann Financial Services Inc. raised its position in Vector Group by 144.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 557,801 shares of the company’s stock valued at $11,418,000 after buying an additional 329,186 shares during the last quarter. Royal Bank of Canada raised its position in Vector Group by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock valued at $119,493,000 after buying an additional 271,168 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Vector Group by 83.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 460,071 shares of the company’s stock valued at $9,809,000 after buying an additional 209,830 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Vector Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,646,146 shares of the company’s stock valued at $54,168,000 after buying an additional 141,920 shares during the last quarter. 47.13% of the stock is currently owned by institutional investors and hedge funds.
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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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