Vector Group (NYSE:VGR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.
Separately, Barclays lifted their price objective on Vector Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th.
Read Our Latest Analysis on VGR
Vector Group Price Performance
VGR traded up $0.02 during trading on Thursday, reaching $15.15. 9,186,677 shares of the stock were exchanged, compared to its average volume of 1,328,042. Vector Group has a 1 year low of $9.27 and a 1 year high of $15.53. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 13.06 and a beta of 1.03. The business's 50 day moving average price is $11.96 and its two-hundred day moving average price is $11.14.
Vector Group (NYSE:VGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $371.91 million for the quarter, compared to analysts' expectations of $362.90 million. Vector Group had a net margin of 14.05% and a negative return on equity of 26.62%. On average, analysts anticipate that Vector Group will post 1.16 EPS for the current year.
Hedge Funds Weigh In On Vector Group
A number of institutional investors have recently modified their holdings of VGR. Canada Pension Plan Investment Board acquired a new position in Vector Group in the 2nd quarter valued at $59,000. ORG Partners LLC lifted its position in Vector Group by 252.3% during the second quarter. ORG Partners LLC now owns 6,039 shares of the company's stock worth $66,000 after buying an additional 4,325 shares during the period. Quarry LP boosted its stake in Vector Group by 112.6% in the 2nd quarter. Quarry LP now owns 9,648 shares of the company's stock worth $102,000 after buying an additional 5,110 shares during the last quarter. Private Portfolio Partners LLC purchased a new stake in Vector Group in the 4th quarter valued at about $113,000. Finally, Somerset Trust Co acquired a new position in shares of Vector Group during the 2nd quarter valued at about $110,000. Institutional investors and hedge funds own 64.09% of the company's stock.
About Vector Group
(
Get Free Report)
Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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