Shares of Vector Group Ltd (NYSE:VGR) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given Vector Group an industry rank of 44 out of 256 based on the ratings given to related companies.
A number of research firms have issued reports on VGR. ValuEngine upgraded shares of Vector Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th.
A number of institutional investors have recently made changes to their positions in VGR. Bank of New York Mellon Corp lifted its holdings in Vector Group by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 3,657,747 shares of the company’s stock worth $35,663,000 after acquiring an additional 174,047 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vector Group by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,097,087 shares of the company’s stock worth $30,135,000 after buying an additional 151,917 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Vector Group by 2.4% during the second quarter. Northern Trust Corp now owns 1,296,288 shares of the company’s stock worth $12,640,000 after buying an additional 30,719 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Vector Group by 2.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,262,400 shares of the company’s stock worth $12,308,000 after buying an additional 26,300 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Vector Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,095,048 shares of the company’s stock worth $10,654,000 after buying an additional 28,284 shares in the last quarter. 51.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Vector Group stock traded up $0.04 during trading on Thursday, reaching $11.52. 1,922,854 shares of the stock were exchanged, compared to its average volume of 1,425,546. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 19.86 and a beta of 0.76. Vector Group has a 1 year low of $8.62 and a 1 year high of $16.87. The stock’s fifty day moving average is $10.19.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.19. The firm had revenue of $538.40 million during the quarter, compared to analysts’ expectations of $494.50 million. Vector Group had a net margin of 4.55% and a negative return on equity of 20.37%. Vector Group’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. As a group, research analysts expect that Vector Group will post 0.57 EPS for the current year.
About Vector Group
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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