Shares of Vector Group Ltd (NYSE:VGR) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports.

Brokerages have set a 1-year consensus price objective of $27.00 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Vector Group an industry rank of 96 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Vector Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, November 10th.

Shares of Vector Group (NYSE:VGR) traded up $0.13 during mid-day trading on Wednesday, hitting $20.43. 328,985 shares of the company were exchanged, compared to its average volume of 629,598. The company has a current ratio of 2.61, a quick ratio of 2.29 and a debt-to-equity ratio of -3.97. The firm has a market capitalization of $2,765.75, a P/E ratio of 61.79 and a beta of 0.35. Vector Group has a 12-month low of $18.70 and a 12-month high of $23.14.

Several hedge funds have recently modified their holdings of VGR. JPMorgan Chase & Co. grew its stake in shares of Vector Group by 15.2% during the second quarter. JPMorgan Chase & Co. now owns 9,781 shares of the company’s stock worth $209,000 after purchasing an additional 1,289 shares in the last quarter. New York State Common Retirement Fund raised its stake in Vector Group by 12.2% during the second quarter. New York State Common Retirement Fund now owns 100,600 shares of the company’s stock worth $2,145,000 after purchasing an additional 10,899 shares during the period. UBS Asset Management Americas Inc. raised its stake in Vector Group by 3.9% during the second quarter. UBS Asset Management Americas Inc. now owns 35,607 shares of the company’s stock worth $759,000 after purchasing an additional 1,339 shares during the period. Northern Trust Corp raised its stake in Vector Group by 3.5% during the second quarter. Northern Trust Corp now owns 1,213,725 shares of the company’s stock worth $25,877,000 after purchasing an additional 41,447 shares during the period. Finally, Vanguard Group Inc. raised its stake in Vector Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after purchasing an additional 129,372 shares during the period. Hedge funds and other institutional investors own 47.46% of the company’s stock.

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Vector Group Company Profile

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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