Canopy Growth (WEED:TSX) Analysts Slash targets

CIBC Capital Markets maintained the Underperform rating of Canopy Growth and cut the target to $3 from $5.

STA Research cut the target to $6.50 from $8.75, and maintained the Buy rating on the company’s stock price.

Canopy Growth Corp.’s debt rating was reduced by Fitch Ratings on Monday. The company’s ability to maintain its capital structure is still unknown, according to Fitch Ratings. Canopy’s ability to increase its profits before interest, taxes, depreciation, and amortisation (Ebitda) and achieve operating cash flow breakeven in fiscal 2025 as predicted by Fitch is very improbable, according to the ratings agency. In order to reflect “important market changes,” Fitch reduced Canopy Growth’s long-term issuer default rating from B- to CCC.

Canopy Growth Corp Stock Analysis:

Based on the Canopy Growth Corp stock forecasts from 14 analysts, the average analyst target price for Canopy Growth Corp is CAD 9.63 over the next 12 months. Canopy Growth Corp’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Canopy Growth Corp is Neutral, which is based on 3 positive signals and 3 negative signals. At the last closing, Canopy Growth Corp’s stock price was CAD 4.49Canopy Growth Corp’s stock price has changed by +2.98% over the past week, -26.99% over the past month and -85.08% 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.

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.

What we don’t like:

High volatility

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.

Highly leveraged

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.

Negative cashflow

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

STA Research maintains Alphabet Inc Class A(GOOGL:NSD) with a Buy rating and keeps the target price at $2800

STA Research maintains Alphabet Inc Class A with a Buy rating and keeps the target price at $2800 on the company’s stock.

JMP Securities maintains Alphabet Inc Class A with a Market Outperform rating and lowers the target price to $3200 from $3300.

Based on the Alphabet Inc Class A stock forecasts from 29 analysts, the average analyst target price for Alphabet Inc Class A is USD 3,339.23 over the next 12 months. Alphabet Inc Class A’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Alphabet Inc Class A is Bullish , which is based on 9 positive signals and 3 negative signals. At the last closing, Alphabet Inc Class A’s stock price was USD 2,234.03Alphabet Inc Class A’s stock price has changed by +0.19% over the past week, -0.55% over the past month and -8.65% 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.

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.

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 cash flow

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

Positive free cash flow

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

Superior Earnings Growth

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

What we don’t like:

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

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

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 to buy.

Morgan Stanley maintains BlackRock Inc.(BLK:NYE) with an Overweight rating and cuts the target price to $801 from $932

Morgan Stanley maintains BlackRock Inc. with an Overweight rating and cuts the target price to $801 from $932 on the company’s stock.

Yesterday Goldman Sachs lowered the target price on BlackRock Inc to $710 from $830 and maintained the Buy rating.

Based on the BlackRock Inc stock forecasts from 9 analysts, the average analyst target price for BlackRock Inc is USD 843.89 over the next 12 months. BlackRock Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of BlackRock Inc is Neutral, which is based on 7 positive signals and 6 negative signals. At the last closing, BlackRock Inc’s stock price was USD 617.96BlackRock Inc’s stock price has changed by +1.42% over the past week, -7.29% over the past month and -29.26% 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.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

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.

Positive cash flow

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

Positive free cash flow

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

What we don’t like:

High volatility

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.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

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

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 to buy.

BMO Financial rates General Mills Inc. (GIS:NYE) with a Market Perform rating and raises the target price to $80 from $66

BMO Financial rates General Mills Inc with a Market Perform rating and raises the target price to $80 from $66 on the company’s stock.

Deutsche Bank Capital maintains General Mills Inc. with a Buy rating and raises the target price to $81 from $75 on the company’s stock.

Based on the General Mills Inc stock forecasts from 6 analysts, the average analyst target price for General Mills Inc is USD 71.57 over the next 12 months. General Mills Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of General Mills Inc is Neutral, which is based on 8 positive signals and 8 negative signals. At the last closing, General Mills Inc’s stock price was USD 74.72General Mills Inc’s stock price has changed by +10.04% over the past week, +6.91% over the past month and +24.47% 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.

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.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

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.

Positive cash flow

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

Positive free cash flow

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

What we don’t like:

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

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

Highly leveraged

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.

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 to buy.

Low Earnings Growth

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

Low Revenue Growth

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

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.

Analysts rate Franklin Resources (BEN:NYE) with an Underperform rating and a $27 target

Analysts rate Franklin Resources with an Underperform rating and a 12-month average target price of $27.18 per share.

Keefe Bruyette Woods Capital Downgraded Franklin Resources Inc to an Underperform rating and lowers the target price to $22 from $28 on the company’s stock.

Goldman Sachs Resumed coverage on Franklin Resources with a Sell rating and a target price of $23.

Based on the Franklin Resources Inc stock forecasts from 7 analysts, the average analyst target price for Franklin Resources Inc is USD 27.18 over the next 12 months. Franklin Resources Inc’s average analyst rating is Under-perform. Stock Target Advisor’s own stock analysis of Franklin Resources Inc is Neutral, which is based on 7 positive signals and 7 negative signals. At the last closing, Franklin Resources Inc’s stock price was USD 23.27Franklin Resources Inc’s stock price has changed by -3.44% over the past week, -15.54% over the past month and -27.10% over the last year.

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

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 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 cash flow

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

Positive free cash flow

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

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:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

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.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

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

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.