KushCo (OTCMKTS:KSHB) PT Lowered to $4.00 at Benchmark

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.

About KushCo

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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The Fly

Analyst Recommendations for KushCo (OTCMKTS:KSHB)

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