KushCo (OTCMKTS:KSHB) Now Covered by Benchmark

Investment analysts at Benchmark started coverage on shares of KushCo (OTCMKTS:KSHB) in a note issued to investors on Wednesday, June 26th, Marketbeat reports. The firm set a “buy” rating and a $7.00 price target on the stock. Benchmark’s price target would indicate a potential upside of 41.99% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Alliance Global Partners set a C$75.00 price target on Canopy Growth and gave the company a “buy” rating in a report on Monday, May 13th. Zacks Investment Research lowered GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Roth Capital initiated coverage on KushCo in a report on Thursday, June 6th. They set a “buy” rating and a $8.00 price target for the company. Northland Securities set a $9.00 price target on KushCo and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. KushCo has a consensus rating of “Buy” and an average price target of $7.91.

OTCMKTS:KSHB remained flat at $$4.93 during mid-day trading on Wednesday. The company had a trading volume of 458,310 shares, compared to its average volume of 715,479. The stock’s fifty day moving average is $4.69. KushCo has a 12 month low of $3.76 and a 12 month high of $7.20. The company has a market capitalization of $437.98 million, a P/E ratio of -30.81 and a beta of 1.71. The company has a current ratio of 3.11, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

KushCo (OTCMKTS:KSHB) last announced its quarterly earnings data on Tuesday, July 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $41.50 million for the quarter, compared to analyst estimates of $40.42 million. KushCo had a negative return on equity of 22.31% and a negative net margin of 17.36%. The company’s revenue was up 221.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) earnings per share. On average, equities research analysts predict that KushCo will post -0.45 earnings per share for the current year.

KushCo Company Profile

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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Analyst Recommendations for KushCo (OTCMKTS:KSHB)

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