KushCo (KSHB) Research Coverage Started at Alliance Global Partners

Analysts at Alliance Global Partners assumed coverage on shares of KushCo (OTCMKTS:KSHB) in a report released on Monday, The Fly reports. The brokerage set a “buy” rating and a $9.00 price target on the stock. Alliance Global Partners’ price objective would suggest a potential upside of 81.09% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Northland Securities set a $9.00 target price on shares of KushCo and gave the company a “buy” rating in a research report on Friday, April 12th. ValuEngine raised shares of KushCo from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised shares of KushCo from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Seaport Global Securities assumed coverage on shares of KushCo in a research report on Thursday, February 21st. They issued a “buy” rating and a $10.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.25.

OTCMKTS KSHB opened at $4.97 on Monday. KushCo has a 12 month low of $3.76 and a 12 month high of $7.20. The stock has a market capitalization of $439.04 million, a price-to-earnings ratio of -31.06 and a beta of 1.22.



KushCo (OTCMKTS:KSHB) last posted its earnings results on Thursday, April 11th. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. KushCo had a negative net margin of 21.18% and a negative return on equity of 22.72%. The company had revenue of $35.18 million for the quarter, compared to analysts’ expectations of $29.30 million. Equities research analysts forecast that KushCo will post -0.45 EPS for the current fiscal year.

In other news, Chairman Nicholas Kovacevich sold 200,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $5.64, for a total transaction of $1,128,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dallas Imbimbo sold 282,426 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $5.58, for a total transaction of $1,575,937.08. The disclosure for this sale can be found here. Insiders have sold 682,426 shares of company stock worth $3,875,937 in the last three months. Corporate insiders own 29.50% of the company’s stock.

KushCo Company Profile

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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