The price of Vector Group Ltd (NYSE:VGR) shares last traded on Wall Street rose 2.49% to $11.11.
VGR stock price is now 4.86% away from the 50-day moving average and 3.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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With the price target enhanced from $12 to $16, Barclays Upgraded its rating from Equal Weight to Overweight for Vector Group Ltd (NYSE: VGR). On November 15, 2021, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $13 to quote $17, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, LEBOW BENNETT S, Director sold 121,054 shares of the company’s stock on Dec 14 ’23. The stock was sold for $1,415,605 at an average price of $11.69. Upon completion of the transaction, the Director now directly owns 23,750 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’23, Director LEBOW BENNETT S sold 50,000 shares of the business’s stock. A total of $583,945 was realized by selling the stock at an average price of $11.68. This leaves the insider owning 144,804 shares of the company worth $1.61 million. A total of 14.36% of the company’s stock is owned by insiders.
During the past 12 months, Vector Group Ltd has had a low of $9.27 and a high of $13.43. According to the stock market information, the enterprise value for the company is $2672787200, which is based on a 9.57 price-to-earnings ratio, a 0.50 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for VGR is $10.6166 and a two-hundred day moving average price translates $10.75585 for the stock.
The latest earnings results from Vector Group Ltd (NYSE: VGR) was released for 2024-03-31. The company reported revenue of $324.57 million for the quarter, compared to $334.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.87 percent.
