Stifel Nicolaus Research maintains Canopy Growth Corporation with a Sell rating and lowers the target price to $5 from $6 on the company’s stock.
Based on the Canopy Growth Corporation stock forecasts from 13 analysts, the average analyst target price for Canopy Growth Corporation is CAD 8.78 over the next 12 months. Canopy Growth Corporation’s average analyst rating is Under-perform. Stock Target Advisor’s own stock analysis of Canopy Growth Corporation is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Canopy Growth Corporation’s stock price was CAD 6.15. Canopy Growth Corporation’s stock price has changed by -13.26% over the past week, -17.00% over the past month and -80.45% over the last year.
What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
The company had negative total cash flow in the most recent four quarters.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector.
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