KushCo Holdings Inc (OTCMKTS:KSHB) Given Average Recommendation of “Buy” by Brokerages

Shares of KushCo Holdings Inc (OTCMKTS:KSHB) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.21.

A number of research analysts have recently issued reports on KSHB shares. Benchmark initiated coverage on KushCo in a research note on Wednesday, June 26th. They issued a “buy” rating and a $7.00 price objective on the stock. Northland Securities reaffirmed a “buy” rating and set a $8.00 price target on shares of KushCo in a research note on Wednesday, July 10th. Roth Capital initiated coverage on KushCo in a research note on Thursday, June 6th. They set a “buy” rating and a $8.00 price target on the stock. Compass Point initiated coverage on KushCo in a research note on Monday, June 10th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research downgraded KushCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.

Shares of OTCMKTS:KSHB traded down $0.14 during midday trading on Friday, reaching $3.52. The company’s stock had a trading volume of 583,800 shares, compared to its average volume of 298,568. The firm has a market capitalization of $329.58 million, a price-to-earnings ratio of -22.00 and a beta of 1.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 3.11. The firm has a 50 day moving average price of $4.13 and a two-hundred day moving average price of $4.92. KushCo has a fifty-two week low of $3.51 and a fifty-two week high of $7.20.

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

In related news, Director Dallas Imbimbo sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $4.96, for a total transaction of $1,488,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 29.50% of the stock is currently owned by corporate insiders.

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.

Featured Article: Technical Analysis of Stocks and What It Means

Analyst Recommendations for KushCo (OTCMKTS:KSHB)

Receive News & Ratings for KushCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KushCo and related companies with MarketBeat.com's FREE daily email newsletter.