Vector Group Ltd (VGR) Receives Consensus Recommendation of “Hold” from Brokerages

Vector Group Ltd (NYSE:VGR) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Vector Group’s rating score has declined by 200% in the last three months as a result of various analysts’ upgrades and downgrades.

Zacks has also assigned Vector Group an industry rank of 113 out of 255 based on the ratings given to related companies.

VGR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. UBS Group lowered Vector Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 3rd. ValuEngine downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Oppenheimer reissued a “market perform” rating on shares of Vector Group in a research note on Wednesday, October 3rd.



A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its stake in Vector Group by 7.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 57,927 shares of the company’s stock valued at $798,000 after purchasing an additional 4,006 shares during the last quarter. Reinhart Partners Inc. increased its stake in shares of Vector Group by 20.7% in the 3rd quarter. Reinhart Partners Inc. now owns 86,934 shares of the company’s stock worth $1,198,000 after acquiring an additional 14,919 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of Vector Group in the 3rd quarter worth $684,000. Creative Planning increased its stake in shares of Vector Group by 4.9% in the 3rd quarter. Creative Planning now owns 93,038 shares of the company’s stock worth $1,282,000 after acquiring an additional 4,375 shares during the last quarter. Finally, ARP Americas LP acquired a new stake in shares of Vector Group in the 3rd quarter worth $226,000. 46.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:VGR traded down $0.21 during midday trading on Friday, reaching $13.24. 1,252,827 shares of the company’s stock traded hands, compared to its average volume of 1,508,104. Vector Group has a 1 year low of $12.56 and a 1 year high of $23.14. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 23.23 and a beta of 0.27.

Vector Group (NYSE:VGR) last announced its earnings results on Monday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The firm had revenue of $481.50 million for the quarter, compared to analyst estimates of $494.80 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast that Vector Group will post 0.42 earnings per share for the current year.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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