KushCo (OTCMKTS:KSHB) had its target price decreased by analysts at Benchmark from $5.00 to $4.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 136.69% from the company’s current price.
KSHB has been the topic of several other reports. Compass Point increased their price objective on KushCo from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Zacks Investment Research upgraded KushCo from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Thursday, November 14th. Northland Securities reiterated a “buy” rating and set a $6.00 price objective on shares of KushCo in a research report on Friday, November 8th. Canaccord Genuity reiterated a “buy” rating and set a $3.50 price objective (down from $7.50) on shares of KushCo in a research report on Friday, November 8th. They noted that the move was a valuation call. Finally, Jefferies Financial Group assumed coverage on KushCo in a research report on Wednesday, November 27th. They set a “buy” rating and a $3.50 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, KushCo currently has a consensus rating of “Buy” and a consensus target price of $6.00.
Shares of OTCMKTS KSHB opened at $1.69 on Thursday. The firm has a market capitalization of $182.51 million, a P/E ratio of -4.83 and a beta of 1.57. The company has a quick ratio of 1.29, a current ratio of 2.63 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $2.88. KushCo has a twelve month low of $1.26 and a twelve month high of $7.20.
KushCo (OTCMKTS:KSHB) last announced its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $46.97 million for the quarter, compared to analyst estimates of $45.56 million. KushCo had a negative return on equity of 35.24% and a negative net margin of 26.35%. The company’s quarterly revenue was up 135.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. As a group, research analysts anticipate that KushCo will post -0.24 EPS for the current fiscal year.
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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