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.

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.

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.

Mini John Cooper Works GP gets shaken down at the Nurburgring
Its turbocharged four-cylinder gas engine will make in excess of 300 horsepower, but Mini hasn't given an official output yet. Mini is working on a new generation of its high-performance John Cooper Works GP , which the automaker will launch next year.

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.



FedEx Denies Delivery of Huawei P30 Pro in the US
President Trump is expected to meet with Chinese President Xi Jinping at the Group of 20 summit in Japan later this week. FedEx's operational error comes against a backdrop of increasing tension between the world's two biggest economies.

Supreme Court hands Redskins a victory in trademark case
Court of Appeals for the Federal Circuit, which specializes in intellectual property law, ruled in Brunetti's favor in 2017. The Justice Department declined to comment on the decision or the trademark office's next steps.

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.

Swedish PM Lofven says country ready to host 2026 Winter Olympic Games
Milan and Cortina d'Ampezzo was chosen over Stockholm-Are, Sweden's bid to host the 2026 games, according to the Associated Press .

Zimbabwe abolishes multi-currency trade, RTGS dollar now sole legal tender
Zimbabweans with existing foreign currency accounts will be allowed to keep their balances in foreign currency, the notice said. This has been viewed as effective introduction of a new currency for Zimbabwe, which is now battling a severe financial crisis.

Manchester United Reluctant To Meet Asking Price of Tottenham Target Bruno Fernandes
Manchester United had told Fernandes' camp to keep them informed of any other enquiries made, according to The Telegraph . He also played a part in Portugal's UEFA Nations League triumph earlier this month.

Uruguay's Vecino out of Copa America after thigh injury
Quintero was initially given a yellow card, but video review determined he deserved a red. Uruguay will next meet Copa America guests Japan in Porto Alegre on Thursday.

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.

Amanda Holden claims Phillip Schofield ignored 'olive branch' coffee invitation
This comes as reports of tension between Holly Willoughby and her This Morning co-presenter Phil surfaced a few weeks ago. Since then, craft segment presenter Sophie has spoken out about how unimpressed she was with Amanda's behaviour.