Aurora Cannabis (ACB) Receives a Sell from Stifel Nicolaus

Stifel Nicolaus analyst W. Andrew Carter maintained a Sell rating on Aurora Cannabis (ACBResearch Report) yesterday and set a price target of C$3.00. The company’s shares closed last Tuesday at $3.03, close to its 52-week low of $2.79.

According to TipRanks.com, Carter is a 1-star analyst with an average return of -5.0% and a 32.6% success rate. Carter covers the Basic Materials sector, focusing on stocks such as Scotts Miracle-Gro Company, Canopy Growth, and Cronos Group.

Aurora Cannabis has an analyst consensus of Moderate Sell, with a price target consensus of $4.74.

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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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