What to Expect from the Canopy Growth Quarterly Results

25 Juin, 2019, 05:41 | Auteur: Auguste Feret
  • Workers produce medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls Ont

Canopy Growth's stock (CGC) tumbled by more than 8% in early Friday trading, hurt by a disappointing quarterly earnings report that warned its impending merger with Acreage Holdings would result in a "material charge" to its 2020 results. These 52-week values data help to compare its recent price with high or low prices inside a one-year framework. Using ratings provided by analysts to Zacks Research, we can see that the current average broker rating on shares of Canopy Growth Corporation (ASX:CGC) is now 1.79. For the next financial year, analysts expect that the company will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.94) to ($0.14).

Canopy Growth Corporation (CGC) stock price is trading at a gap of -5.02% away from the 20-Day SMA and figured out a distance of -9.98% from the its 50-Day SMA.

Overall, the stock market reaction to the numbers was negative, as the shares sank by more than seven per cent on the TSX to just over $53 a share. Jefferies Financial Group reaffirmed a "hold" rating and issued a C$64.00 target price on shares of Canopy Growth in a research report on Monday, February 25th.

David Ortiz’s Wife Issues Encouraging Update On His Recovery
Although the police have made multiple arrests because of this situation, they are still searching for additional suspects. Ortiz required multiple surgeries and is now recovering at a Boston hospital.

Tears and a showdown as Yewande threatens to quit Love Island
The model caught the eye of Anton Danyluk, 24, and Danny Williams , 21, who is now coupled up with Yewande Biala, 23. Asked about her best and worst qualities, Arabella reveals: "I don't shut up, I'm confident and I'm positive".

Liberal Actors to Perform Dramatic Reading of Mueller Report
Schwarzenegger , which challenged the legality of Proposition 8, the ballot measure which banned same-sex marriage in California. The star-studded reading harkens back to 2012, when George Clooney and Brad Pitt led a live reading of the court case, Perry v.

Technical Analysis of Canopy Growth Corporation: Looking into the profitability ratios of CGC stock, the shareholder will find its ROE, ROA and ROI standing at 0%, 0% and 0%, respectively. Piper Jaffray Companies' price target indicates a potential upside of 49.81% from the stock's previous close. Presently, analysts polled by Zacks Research have set a consensus target price of $55.95 on shares of Canopy Growth Corporation (ASX:CGC). Last quarter, Canopy acquired Storz & Bickel, medical device company that specializes in vaporizers. Finally, Stifel Nicolaus began coverage on Canopy Growth in a research note on Wednesday, June 5th. Bank of America has "Buy" rating and $7500 target. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Over the last week, the stock has moved -0.16%.

Canopy also gave an update on its USA plans, where it's building up hemp operations in seven states in order to sell products containing the popular compound CBD. "Alongside our worldwide market strategies and U.S. Hemp strategy, we believe the acquisition of Acreage will be a key step in bolstering our position as a truly global company". TD Asset Management Inc. grew its stake in shares of Canopy Growth by 4.7% in the fourth quarter. Norges Bank bought a new stake in Canopy Growth in the fourth quarter worth about $30,296,000. Janney Montgomery Scott LLC now owns 35,680 shares of the marijuana producer's stock valued at $959,000 after buying an additional 25,636 shares in the last quarter. After having $-0.67 EPS previously, Canopy Growth Corporation's analysts see -74.63 % EPS growth. The firm offers dried, oil, and softgel cannabis products.

Conseillé:



Populaire

FC Barcelona Star On Potential Neymar Return
But, following two last-16 exits in the Champions League , the Brazilian has reportedly concluded that PSG are some way off competing with Europe's elite.

Jean Carroll Accuses Trump of Raping Her in 1990s
During his presidential campaign, more than a dozen women accused Trump of sexual misconduct in earlier years. Trump says: "I'll say it with great respect: Number one, she's not my type.

Blazers Trade Evan Turner to Hawks In Exchange for Kent Bazemore
Turner, 30, is coming off a season in which he averaged 6.8 points, 4.5 rebounds and 3.9 assists in 73 games for Portland. Bazemore had been with Atlanta for the past five seasons, making him the longest-tenured current Hawk before the trade.

Chicago police release videos, documents from Jussie Smollett case
Smollett is still wearing the noose during the interview with officers inside his apartment, the video shows. Over 400 pages of search warrants and some text messages are part of the release.

Le Mali s'amuse face à la Mauritanie…
De bon augure malgré la fébrilité de leur gardien, même si l'opposition sera d'un autre niveau lors des prochains jours. Mais le match peinait à décoller et les deux équipes proposaient un spectacle assez faible.

‘KUWTK’: Tristan Threatened To ‘Kill Himself’ After Cheating Scandal, Khloe Reveals
Kylie's ex-BFF changed her story a handful of times throughout Sunday's episode, so maybe don't take her word for it. First, she said Tristan was trying to kiss her-did he though? "And she didn't think about herself", Khloé said.

Marta's Message to Young Soccer Players Is Inspiring
Amandine Henry's extra-time victor gave France a 2-1 last-16 win to end Marta's hopes of winning a first World Cup. This is what I ask of the girls. "There's not going to be a Formiga forever", the Orlando Pride player continued.

SpaceX Falcon Heavy to launch ashes of an all-star, astronaut and others
Believe it or not, this isn't the first time that Celestis has sent human remains into space - in fact, it's not even close. If successful, it could bolster SpaceX's case to win more Air Force contracts to launch sensitive military satellites.

Le Barça prépare un plan pour pouvoir s'offrir Griezmann et Neymar — Mercato
Tous les jours, on risque d'en apprendre un peu plus sur Neymar et son possible futur transfert. Ce qui a conduit le Brésilien à porter plainte contre le club azulgrana .

Why US billionaires are calling on government to give them higher taxes
It also names South Bend, Indiana, Mayor Pete Buttigieg and former Rep. The New York Times reported on the letter earlier Monday.