Zacks Investment Research upgraded shares of KushCo (OTCMKTS:KSHB) from a hold rating to a buy rating in a report released on Thursday, Zacks.com reports. They currently have $2.00 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. “
Other research analysts have also issued reports about the stock. Compass Point upped their target price on shares of KushCo from $5.00 to $8.00 and gave the company a buy rating in a report on Wednesday, September 25th. Northland Securities restated a buy rating and issued a $6.00 target price on shares of KushCo in a report on Friday, November 8th. Finally, Canaccord Genuity restated a buy rating and issued a $3.50 target price (down from $7.50) on shares of KushCo in a report on Friday, November 8th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of $6.69.
KushCo (OTCMKTS:KSHB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $46.97 million for the quarter, compared to analysts’ expectations of $45.56 million. KushCo had a negative net margin of 26.35% and a negative return on equity of 35.24%. The firm’s revenue was up 135.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) EPS. As a group, equities analysts expect that KushCo will post -0.26 earnings per share 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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