MKM Partners analyst William Kirk reiterated a Hold rating on Aurora Cannabis (ACB – Research Report) today and set a price target of C$3.00. The company’s shares closed last Thursday at $2.42, close to its 52-week low of $2.20.
According to TipRanks.com, Kirk is ranked 0 out of 5 stars with an average return of -5.6% and a 42.8% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Constellation Brands.
Currently, the analyst consensus on Aurora Cannabis is a Moderate Sell with an average price target of $2.90, which is a 26.6% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a C$3.90 price target.
Based on Aurora Cannabis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $60.59 million and GAAP net loss of $75.14 million. In comparison, last year the company earned revenue of $67.67 million and had a GAAP net loss of $298 million.
Based on the recent corporate insider activity of 12 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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