Share Repurchase Program Authorized by Vylor (NYSE:VYLR) Board of Directors

Vylor (NYSE:VYLR) declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 22nd, RTT News reports. The company plans to repurchase $3.00 billion in shares. This buyback authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VYLR shares. Royal Bank Of Canada began coverage on shares of Vylor in a research report on Friday, October 2nd. They issued an “outperform” rating and a $85.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Vylor in a research note on Wednesday, October 14th. They set a “buy” rating and a $90.00 price objective on the stock. Mizuho began coverage on shares of Vylor in a report on Monday, October 5th. They set an “outperform” rating and a $84.00 price objective for the company. Weiss Ratings raised shares of Vylor from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Finally, Wolfe Research upgraded shares of Vylor to a “strong-buy” rating in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.67.

Vylor Price Performance

Vylor stock traded up $3.37 on Friday, reaching $74.49. The company’s stock had a trading volume of 3,150,968 shares, compared to its average volume of 6,999,106. Vylor has a twelve month low of $65.00 and a twelve month high of $77.39.

Vylor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 30th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 30th.

About Vylor

Vylor Inc is a seed and genetics company. It develops and supplies germplasm for farmers to improve crop health and produce higher yields. Vylor Inc is based in JOHNSTON, Iowa.