NYSE:CGC - Canopy Growth Stock Price, Forecast & News

Canopy Growth trades on the New York Stock Exchange (NYSE) under the ticker symbol "CGC."

Canopy Growth Corp (NYSE:CGC) issued its earnings results on Thursday, November, 14th. The marijuana producer reported ($0.82) EPS for the quarter, missing the Zacks' consensus estimate of ($0.27) by $0.55. The marijuana producer had revenue of $58.03 million for the quarter, compared to analysts' expectations of $77.10 million. Canopy Growth had a negative return on equity of 13.44% and a negative net margin of 542.66%. View Canopy Growth's Earnings History.

Canopy Growth is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Canopy Growth.

20 brokers have issued 12-month price targets for Canopy Growth's stock. Their forecasts range from $15.32 to $107.57. On average, they expect Canopy Growth's stock price to reach $42.16 in the next twelve months. This suggests a possible upside of 126.0% from the stock's current price. View Analyst Price Targets for Canopy Growth.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 1 sell rating, 10 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canopy Growth.

Media coverage about CGC stock has trended negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canopy Growth earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news headlines about the marijuana producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Canopy Growth.

Some companies that are related to Canopy Growth include Canopy Growth (WEED), Innovative Industrial Properties (IIPR), OrganiGram (OGI), Emblem (EMC), ICC Labs (ICC), KushCo (KSHB), Bioventix (BVXP), GrowGeneration (GRWG), 22nd Century Group (XXII), Nemus Bioscience (NMUS), General Cannabis (CANN), Grow Capital (GRWC), Terra Tech (TRTC), United Cannabis (CNAB) and mCig (MCIG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Aurora Cannabis (ACB), Cronos Group (CRON), Canopy Growth (WEED), KushCo (KSHB), Aurora Cannabis (ACB) and Tilray (TLRY).

Canopy Growth's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Commonwealth Equity Services LLC (0.09%), Cambridge Investment Research Advisors Inc. (0.06%), CIBC Asset Management Inc (0.05%), Great West Life Assurance Co. Can (0.05%) and Commerzbank Aktiengesellschaft FI (0.04%).

CGC stock was sold by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Jupiter Wealth Management LLC, Sumitomo Mitsui Trust Holdings Inc., Sheaff Brock Investment Advisors LLC, Oppenheimer & Co. Inc., Sigma Planning Corp, K.J. Harrison & Partners Inc and Usca Ria LLC.

CGC stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Great West Life Assurance Co. Can, USA Mutuals Advisors Inc., Exane Derivatives, JT Stratford LLC, Venturi Wealth Management LLC, Penserra Capital Management LLC and Cambridge Investment Research Advisors Inc..

Shares of CGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CGC stock can currently be purchased for approximately $18.65.

Canopy Growth has a market capitalization of $6.50 billion and generates $170.25 million in revenue each year. The marijuana producer earns $-522,300,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis. Canopy Growth employs 3,200 workers across the globe.View Additional Information About Canopy Growth.

The official website for Canopy Growth is http://www.canopygrowth.com/.

Canopy Growth's mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A 0A8. The marijuana producer can be reached via phone at 855-558-9333 or via email at [email protected]