KushCo (OTCMKTS:KSHB) had its target price upped by stock analysts at Compass Point from $5.00 to $8.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Compass Point’s price target would indicate a potential upside of 261.99% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Roth Capital began coverage on shares of KushCo in a research report on Thursday, June 6th. They issued a “buy” rating and a $8.00 price objective on the stock. Benchmark began coverage on shares of KushCo in a research report on Wednesday, June 26th. They issued a “buy” rating and a $7.00 price objective on the stock. Northland Securities reiterated a “buy” rating and issued a $8.00 price objective on shares of KushCo in a research report on Wednesday, July 10th. Zacks Investment Research lowered shares of KushCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of KushCo from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $7.81.
KSHB stock opened at $2.21 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. KushCo has a twelve month low of $2.10 and a twelve month high of $7.20. The company’s 50 day moving average is $3.78 and its two-hundred day moving average is $4.76. The stock has a market cap of $207.12 million, a P/E ratio of -13.81 and a beta of 1.79.
In other KushCo news, Director Dallas Imbimbo sold 300,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $4.96, for a total transaction of $1,488,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 29.50% of the stock is currently 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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