Weekly Research Analysts’ Ratings Changes for KushCo (KSHB)

Several brokerages have updated their recommendations and price targets on shares of KushCo (OTCMKTS: KSHB) in the last few weeks:

  • 7/31/2019 – KushCo was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/30/2019 – KushCo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.00 price target on the stock. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/24/2019 – KushCo was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/19/2019 – KushCo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.50 price target on the stock. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/17/2019 – KushCo was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/11/2019 – KushCo was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 7/10/2019 – KushCo had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $8.00 price target on the stock. They wrote, “We believe KSHB will continue to benefit from growing & deepening its customer relationships while also cross-selling throughout its customer base as the company continues to power the global cannabis ecosystem. Key Points KSHB reported FQ3 revenues, adjusted EBITDA and EPS of $41.5M, $(7.5)M and $(0.12), which were all ahead of our $40.8M, $(7.6)M and $(0.15) estimates, respectively. Top-line strength in the quarter was driven by attractive sequential growth across the company’s Energy & Natural Products (+9%) product categories. With respect to specific markets, KSHB recognized notable sequential growth across newer recreational markets (MI +164%, MA +85%, ME +28%) as well as more established markets (NV +46%, OR +46%, WA +27%, CO +26%).””
  • 7/10/2019 – KushCo was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.75 price target on the stock. According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
  • 6/27/2019 – KushCo was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/26/2019 – KushCo is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $7.00 price target on the stock.
  • 6/10/2019 – KushCo is now covered by analysts at Compass Point. They set a “buy” rating and a $8.00 price target on the stock.
  • 6/6/2019 – KushCo is now covered by analysts at Roth Capital. They set a “buy” rating and a $8.00 price target on the stock.

Shares of KushCo stock traded up $0.21 on Wednesday, reaching $4.78. The stock had a trading volume of 381,294 shares, compared to its average volume of 697,758. The firm’s 50 day moving average price is $4.71. The company has a quick ratio of 1.33, a current ratio of 3.11 and a debt-to-equity ratio of 0.18. KushCo Holdings Inc has a 1 year low of $3.76 and a 1 year high of $7.20. The stock has a market cap of $432.21 million, a PE ratio of -29.86 and a beta of 1.71.

KushCo (OTCMKTS:KSHB) last released its earnings results on Tuesday, July 9th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $40.42 million. KushCo had a negative net margin of 17.36% and a negative return on equity of 22.31%. KushCo’s revenue for the quarter was up 221.7% on a year-over-year basis. During the same period last year, the business earned ($0.03) EPS. As a group, equities research analysts anticipate that KushCo Holdings Inc will post -0.47 earnings per share for the current year.

In other KushCo news, Director Dallas Imbimbo sold 300,000 shares of KushCo stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $4.96, for a total transaction of $1,488,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.50% of the stock is owned by company insiders.

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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