Vector Group (NYSE:VGR) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Vector Group (NYSE:VGR) in a report released on Monday. The firm set a “buy” rating on the stock.

Separately, Barclays boosted their target price on Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th.

Vector Group Stock Down 0.0 %

VGR opened at $14.92 on Monday. The firm has a 50-day moving average price of $13.49 and a 200-day moving average price of $11.67. Vector Group has a twelve month low of $9.27 and a twelve month high of $15.53. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 12.85 and a beta of 1.04.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $371.91 million during the quarter, compared to analyst estimates of $362.90 million. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. On average, sell-side analysts expect that Vector Group will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in Vector Group during the second quarter worth about $59,000. ORG Partners LLC lifted its position in Vector Group by 252.3% in the 2nd quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock worth $66,000 after buying an additional 4,325 shares during the last quarter. Quarry LP boosted its stake in Vector Group by 112.6% in the second quarter. Quarry LP now owns 9,648 shares of the company’s stock worth $102,000 after buying an additional 5,110 shares in the last quarter. Somerset Trust Co bought a new position in Vector Group during the second quarter valued at approximately $110,000. Finally, SpiderRock Advisors LLC purchased a new position in shares of Vector Group during the first quarter worth approximately $112,000. Institutional investors own 64.09% of the company’s stock.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20’s, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.