KushCo Holdings Inc (OTCMKTS:KSHB) – Seaport Global Securities decreased their FY2020 earnings per share estimates for KushCo in a report released on Friday, April 12th. Seaport Global Securities analyst B. Hundley now forecasts that the company will post earnings per share of $0.11 for the year, down from their previous estimate of $0.12. Seaport Global Securities has a “Buy” rating and a $10.00 price objective on the stock.
KSHB has been the topic of several other research reports. Zacks Investment Research cut KushCo from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Northland Securities set a $9.00 price objective on KushCo and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine upgraded KushCo from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.06.
In other KushCo news, Chairman Nicholas Kovacevich sold 200,000 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $5.86, for a total value of $1,172,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dallas Imbimbo sold 310,826 shares of the company’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $5.72, for a total value of $1,777,924.72. The disclosure for this sale can be found here. Insiders have sold a total of 843,252 shares of company stock worth $4,809,362 over the last three months. 29.50% of the stock is owned by insiders.
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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