Aurora Cannabis (ACB) Gets a Hold Rating from Cowen & Co.

In a report released today, Vivien Azer from Cowen & Co. maintained a Hold rating on Aurora Cannabis (ACBResearch Report), with a price target of C$7.00. The company’s shares closed last Friday at $4.72, close to its 52-week low of $3.71.

According to TipRanks.com, Azer is a 5-star analyst with an average return of 16.1% and a 59.4% success rate. Azer covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Altria Group, and Boston Beer.

Aurora Cannabis has an analyst consensus of Hold, with a price target consensus of $5.42, implying a 21.0% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a C$7.60 price target.

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Based on Aurora Cannabis’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $60.11 million and GAAP net loss of $11.88 million. In comparison, last year the company earned revenue of $67.59 million and had a GAAP net loss of $101 million.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACB in relation to earlier this year.

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Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.

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