Vector Group Ltd (NYSE:VGR) does about 1.93M shares in volume on a normal day but saw 5967532 shares change hands in the recent trading day. The company now has a market cap of 2.36B USD. Its current market price is $15.01, marking an increase of 0.20% compared to the previous close of $14.98. The 52 week high reached by this stock is $15.53 whilst the lowest price level in 52 weeks is $9.27. The script in recent trading has seen the stock touch a high of $16 and a low of $16.
Vector Group Ltd (VGR) has a 20-day trading average at $14.22 and the current price is -3.38% off the 52-week high compared with 61.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.65 and its 200-day simple moving average is $11.26. If we look at the stock’s price movements over the week, volatility stands at 0.42%, which increases to 1.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.20 to suggest the stock is overbought.
The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 6.19% over the period. The median price target is 6.19% away from the current levels at $16.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 31, 2022 when Barclays upgraded the stock to “Overweight” and issued a price target of between $12 and $16. Barclays also upgraded the stock to “Equal Weight” from Underweight on November 15, 2021 at a price target of $13-$17. Oppenheimer upgraded its price target at $18.
The current price level is 6.28%, 19.35%, and 33.51% away from its SMA20, SMA50, and SMA200 respectively, with the VGR price moving below the 50-day SMA on current market day. Vector Group Ltd (VGR) stock is down -1.05% over the week and 12.01% over the past month. Its price is 33.07% year-to-date and 40.15% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of 0.33 below consensus estimates by -0.03. The company’s next earnings report forecasts estimating quarterly EPS at 0.37 and 1.29 for whole year. Expected sales for next quarter are $365M, which analysts say will come at $1.2B for the current fiscal year and next year at $1.22B. In addition, estimates put the company’s current quarterly revenue at an average of $368.4M.
Its 12-month price target is $16. To reach the target analysts have set, the stock logically needs to grow 6.19 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $16, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.
Outstanding shares total 154.84M with insiders holding 15.69% of the shares and institutional holders owning 68.25% of the company’s common stock. The company has a return on investment of 29.07%. The price to earnings ratio (P/E ratio) amounts to 11.89 while the forward price to earnings ratio is 10.68. The beta has a value of 1.06. Price to sales ratio is 1.66.
