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Canopy Growth Stock Price, Forecast & Analysis (NYSE:CGC)

$14.22
-1.11 (-7.24 %)
(As of 11/19/2019 08:52 AM ET)
Today's Range
$14.18
Now: $14.22
$15.20
50-Day Range
$14.30
MA: $20.38
$23.83
52-Week Range
$15.19
Now: $14.22
$52.74
Volume12.83 million shs
Average Volume5.79 million shs
Market Capitalization$4.95 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.71
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. Read More…

Industry, Sector and Symbol

Industry Medicinals & botanicals
Sub-IndustryCannabis
SectorMedical
CUSIPN/A
CIKN/A
Phone855-558-9333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$170.25 million
Book Value$16.03 per share

Profitability

Net Income$-522,300,000.00
Net Margins-542.66%

Miscellaneous

Employees3,200
Market Cap$4.95 billion
Next Earnings Date2/13/2020 (Estimated)
OptionableOptionable

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Canopy Growth (NYSE:CGC) Frequently Asked Questions

What is Canopy Growth's stock symbol?

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

How were Canopy Growth's earnings last quarter?

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

When is Canopy Growth's next earnings date?

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

What price target have analysts set for CGC?

19 brokers have issued 1 year price targets for Canopy Growth's shares. Their forecasts range from $17.00 to $107.57. On average, they expect Canopy Growth's share price to reach $45.56 in the next twelve months. This suggests a possible upside of 220.4% from the stock's current price. View Analyst Price Targets for Canopy Growth.

What is the consensus analysts' recommendation for Canopy Growth?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 2 sell ratings, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Canopy Growth.

Has Canopy Growth been receiving favorable news coverage?

Media stories about CGC stock have trended very negative recently, InfoTrie reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canopy Growth earned a coverage optimism score of -3.9 on InfoTrie's scale. They also gave press coverage about the marijuana producer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Canopy Growth.

Who are some of Canopy Growth's key competitors?

What other stocks do shareholders of Canopy Growth own?

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 Aurora Cannabis (ACBFF).

Who are Canopy Growth's key executives?

Canopy Growth's management team includes the folowing people:
  • Mr. Bruce A. Linton, Co-Founder, Chairman & Co-CEO (Age 52)
  • Mr. Mark Anthony Nicholas Zekulin, Pres & Co-CEO
  • Mr. Timothy Rob Saunders, Exec. Officer
  • Mr. Rade Kovacevic, Exec. VP
  • Mr. Mike Lee, Acting Chief Financial Officer

Who are Canopy Growth's major shareholders?

Canopy Growth's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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%).

Which institutional investors are selling Canopy Growth stock?

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.

Which institutional investors are buying Canopy Growth stock?

CGC stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Exane Derivatives, Venturi Wealth Management LLC, Cambridge Investment Research Advisors Inc., Lau Associates LLC, Avitas Wealth Management LLC, Valeo Financial Advisors LLC and Commonwealth Equity Services LLC.

How do I buy shares of Canopy Growth?

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.

What is Canopy Growth's stock price today?

One share of CGC stock can currently be purchased for approximately $14.22.

How big of a company is Canopy Growth?

Canopy Growth has a market capitalization of $4.95 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.

What is Canopy Growth's official website?

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

How can I contact Canopy Growth?

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]


MarketBeat Community Rating for Canopy Growth (NYSE CGC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  508 (Vote Outperform)
Underperform Votes:  498 (Vote Underperform)
Total Votes:  1,006
MarketBeat's community ratings are surveys of what our community members think about Canopy Growth and other stocks. Vote "Outperform" if you believe CGC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CGC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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