KushCo (OTCMKTS:KSHB) Stock Rating Lowered by Zacks Investment Research
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. “
Several other research firms have also recently commented on KSHB. Canaccord Genuity reaffirmed a buy rating and issued a $3.50 price target (down previously from $7.50) on shares of KushCo in a report on Friday, November 8th. They noted that the move was a valuation call. Northland Securities reaffirmed a buy rating and issued a $6.00 price target on shares of KushCo in a report on Friday, November 8th. Finally, Compass Point increased their price target on KushCo from $5.00 to $8.00 and gave the company a buy rating in a report on Wednesday, September 25th. Nine research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus target price of $6.69.
KushCo (OTCMKTS:KSHB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. KushCo had a negative return on equity of 35.58% and a negative net margin of 26.35%. The firm had revenue of $46.97 million during the quarter, compared to analysts’ expectations of $45.56 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 135.3% on a year-over-year basis. As a group, sell-side analysts forecast that KushCo will post -0.26 EPS for the current 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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