HEXO (HEXO) Receives a Hold from MKM Partners

MKM Partners analyst William Kirk maintained a Hold rating on HEXO (HEXOResearch Report) today and set a price target of C$1.00. The company’s shares closed last Friday at $0.71.

According to TipRanks.com, Kirk is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.4% and a 41.8% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Constellation Brands.

HEXO has an analyst consensus of Moderate Sell, with a price target consensus of $1.01.

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Based on HEXO’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $50.19 million and GAAP net loss of $117 million. In comparison, last year the company earned revenue of $29.47 million and had a GAAP net loss of $4.2 million.

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HEXO Corp. engages in the manufacture, production, and distribution of medicinal marijuana. It offers products through the Time of Day, H2, Decarb, and Exlixir No. 1 brands. The company was founded by Sébastien St. Louis and Adam Miron on October 29, 2013 and is headquartered in Gatineau, Canada.

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