Shares of Aurora Cannabis Inc. (NYSE:ACB – Get Rating) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.18.
ACB has been the topic of several analyst reports. Cantor Fitzgerald upgraded Aurora Cannabis from a “neutral” rating to an “overweight” rating in a report on Friday, June 24th. CIBC reduced their price target on Aurora Cannabis from C$6.50 to C$3.75 in a report on Monday, May 16th. Finally, Stifel Nicolaus upgraded Aurora Cannabis from a “sell” rating to a “hold” rating and set a $2.15 price target on the stock in a report on Monday, June 6th.
Aurora Cannabis Trading Down 1.3%
Shares of ACB opened at $1.50 on Friday. Aurora Cannabis has a 52-week low of $1.21 and a 52-week high of $8.69. The company has a quick ratio of 4.76, a current ratio of 5.85 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $1.43 and its two-hundred day moving average is $2.83. The stock has a market cap of $340.20 million, a PE ratio of -0.32 and a beta of 2.74.
Aurora Cannabis (NYSE:ACB – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.88). Aurora Cannabis had a negative return on equity of 25.80% and a negative net margin of 542.50%. The business had revenue of $39.82 million for the quarter, compared to analyst estimates of $40.58 million. Research analysts forecast that Aurora Cannabis will post -1.65 earnings per share for the current fiscal year.
Institutional Trading of Aurora Cannabis
Institutional investors and hedge funds have recently bought and sold shares of the stock. Horan Securities Inc. acquired a new position in shares of Aurora Cannabis during the fourth quarter worth about $54,000. Gotham Asset Management LLC purchased a new stake in shares of Aurora Cannabis during the fourth quarter worth approximately $64,000. City State Bank purchased a new position in Aurora Cannabis in the fourth quarter worth $40,000. MQS Management LLC purchased a new position in Aurora Cannabis in the first quarter worth $49,000. Finally, HighTower Advisors LLC purchased a new position in Aurora Cannabis in the first quarter worth $50,000. 15.47% of the stock is currently owned by hedge funds and other institutional investors.
Aurora Cannabis Company Profile
Aurora Cannabis Inc produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients.
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