Shares of Vector Group Ltd (NYSE:VGR) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports.
Brokers have set a 12 month consensus price target of $27.00 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Vector Group an industry rank of 96 out of 265 based on the ratings given to related companies.
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 (VGR) traded up $0.13 during midday trading on Wednesday, hitting $20.43. The company had a trading volume of 328,985 shares, compared to its average volume of 629,598. 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 has a 52-week low of $18.70 and a 52-week high of $23.14. The firm has a market cap of $2,765.75, a P/E ratio of 61.79 and a beta of 0.35.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its stake in shares of Vector Group by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,114 shares of the company’s stock worth $109,000 after acquiring an additional 344 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $209,000 after buying an additional 1,289 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Vector Group by 3.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 35,607 shares of the company’s stock valued at $759,000 after buying an additional 1,339 shares during the period. Parametrica Management Ltd increased its holdings in Vector Group by 22.8% in the 4th quarter. Parametrica Management Ltd now owns 13,009 shares of the company’s stock valued at $291,000 after buying an additional 2,414 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in Vector Group by 5.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,813 shares of the company’s stock valued at $1,061,000 after buying an additional 2,467 shares during the period. 47.46% of the stock is currently owned by institutional investors.
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About Vector Group
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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