Vector Group Ltd. (VGR) Stock Rating Upgraded by Zacks Investment Research

Vector Group Ltd. (NYSE:VGR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $23.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 5.55% from the stock’s previous close.

According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “

Other analysts have also issued research reports about the company. TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. BidaskClub raised Vector Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th.

Shares of Vector Group (NYSE VGR) opened at $21.79 on Friday. The stock has a market capitalization of $2,945.55, a P/E ratio of 33.25 and a beta of 0.43. The company has a debt-to-equity ratio of -3.97, a current ratio of 2.61 and a quick ratio of 2.61. Vector Group has a 52 week low of $18.70 and a 52 week high of $22.14.

Vector Group (NYSE:VGR) last issued its earnings results on Tuesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $484.60 million during the quarter, compared to analyst estimates of $448.00 million. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. Vector Group’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. equities analysts expect that Vector Group will post 0.66 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in VGR. UBS Asset Management Americas Inc. boosted its stake in shares of Vector Group by 3.6% during the first quarter. UBS Asset Management Americas Inc. now owns 34,268 shares of the company’s stock valued at $713,000 after purchasing an additional 1,199 shares during the period. Teachers Advisors LLC boosted its stake in shares of Vector Group by 1.2% during the first quarter. Teachers Advisors LLC now owns 781,953 shares of the company’s stock valued at $16,265,000 after purchasing an additional 9,606 shares during the period. Legal & General Group Plc boosted its stake in shares of Vector Group by 8.3% during the first quarter. Legal & General Group Plc now owns 32,119 shares of the company’s stock valued at $668,000 after purchasing an additional 2,469 shares during the period. Vanguard Group Inc. boosted its stake in shares of Vector Group by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock valued at $180,077,000 after purchasing an additional 288,771 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vector Group by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,380,984 shares of the company’s stock valued at $49,524,000 after purchasing an additional 22,806 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.

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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