Vector Group Ltd. (NYSE:VGR) is rated as Outperform by analysts at Oppenheimer. The firm was pushed by the stock performance to change their PT view from $25 to $27 on July 30. Analysts at Oppenheimer, started covering the stock on June 05 with a Outperform rating. The stock lost favor of Argus analysts who expressed their lack of confidence in it using a downgrade from Buy to Hold on October 07.
Vector Group Ltd. (VGR) hit an intraday high Thursday at $12.08. The shares finished at $11.75, after trading as low as $11.57 earlier in the session. It dropped -2.73% in recent trade and currently has a stock-market value of $1.69B. Trading activity significantly improved as the volume at ready counter increased to 3,041,310 shares versus 2,321,925 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,082,964 shares. The stock is now -2.33% above against its bear-market low of $12.03 on December 06, 2018. It has retreated -96.34% since it’s 52-week high of $23.07 reached in December. Now the market price is down -46.15% on the year and down -44.87% YTD.
VGR’s 50 day simple moving average (SMA 50) price is $13.35 and its 200-day simple moving average (SMA 200) price is $17.35. The company’s stock currently has a total float of 105.12M shares. Its weekly volatility is hovering around 4.56% and felt 3.37% volatility in price over a month. On the upside, the share price will test short term resistance at around $12.03. On a downside, the stock is likely to find some support, which begins at $11.52. The failure to get near-term support could push it to $11.29.
Separately, it has been reported that multiple insider activity took place at Vector Group Ltd. (VGR). 10% Owner Frost Phillip Md Et Al sold 626,250 shares for $19,536,686 in transaction occurred on 2018/12/04. After making this transaction, the 10% Owner owns a direct stake of 7,784,288 shares, worth $230,000,000, as per the last closing price. On 2018/11/29 Frost Phillip Md Et Al, 10% Owner at VGR, dumped 765,000 shares at an average price of $13 per share. The selling total is valued at $237,000,000.
Director, Lebow Bennett S had divested 100,000 shares for $7,674,567 through a trade on 2018/11/28. Following this activity, the insider holds 1,247,000 shares worth $90,176,162 as of recent close.
When looking at valuations, Vector Group Ltd. (VGR) has a pricey P/E of 35.93x as compared to industry average of 30.07x. Moreover, it trades for 17.28 times the next 12 months of expected earnings. Compared to others, Vector Group Ltd. is in a different league with regards to profitability, having net margins of 3.9%. To put some perspective around this, the industry’s average net margin is 12.67%. VGR’s ROE is -15.2%, which is also considerably worse than the industry’s ROE of 37.73%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 0.
Shares of Vector Group Ltd. (VGR) have dropped -10.1% since the company’s last earnings report. Over the past 12 fiscal quarters, Vector Group Ltd. (NYSE:VGR) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 5 quarters (41%), whereas at 2 occasion EPS met analyst expectations. VGR last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.14 per share, -99.58% change on the same period last year. That was better than consensus for $0.1. Revenue for the recent quarter stood at $513.87 million, up 6% on last year and above the $495.7 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $444.6 million to $444.6 million, which should be compared with $0 generated last year. EPS is seen in a range of $0.52 to $0.52, against the $0.63 reported a year ago.