Greenlane Renewables Inc. (GRN:TSX) Analysts suggest 300 percent upside

Based on the Greenlane Renewables Inc stock forecasts from 3 analysts, the average analyst target price for Greenlane Renewables Inc is CAD 2.40 over the next 12 months. Greenlane Renewables Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Greenlane Renewables Inc is Bullish , which is based on 13 positive signals and 2 negative signals. At the last closing, Greenlane Renewables Inc’s stock price was CAD 0.75. Greenlane Renewables Inc’s stock price has changed by +0.01% over the past week, +0.03% over the past month and -37.50% over the last year.

A variety of biogas upgrading systems are designed, developed, sold, and serviced globally by Greenlane Renewables Inc. In June 2019, the business, which was originally known as Creation Capital Corp., changed its name to Greenlane Renewables Inc. Canada’s Burnaby serves as the home base for Greenlane Renewables Inc., which was established in 1986.

Recent Analyst Ratings:

 

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.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering buying.