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

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$46.02 +1.03 (+2.29 %)
(As of 05/23/2019 01:37 AM ET)
Previous Close$44.99
Today's Range$44.65 - $46.97
52-Week Range$24.21 - $59.25
Volume4.58 million shs
Average Volume8.00 million shs
Market Capitalization$15.84 billion
P/E RatioN/A
Dividend YieldN/A
Beta4.17
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, Bedrocan Canada, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

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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$60.79 million
Book Value$4.87 per share

Profitability

Net Income$-54,880,000.00
Net Margins-267.40%

Miscellaneous

Employees1,033
Market Cap$15.84 billion
Next Earnings Date6/26/2019 (Estimated)
OptionableOptionable

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."

When is Canopy Growth's next earnings date?

Canopy Growth is scheduled to release their next quarterly earnings announcement on Wednesday, June 26th 2019. View Earnings Estimates for Canopy Growth.

What price target have analysts set for CGC?

11 brokerages have issued twelve-month price objectives for Canopy Growth's stock. Their forecasts range from $46.27 to $80.00. On average, they anticipate Canopy Growth's stock price to reach $64.8175 in the next year. This suggests a possible upside of 40.8% from the stock's current price. View Analyst Price Targets for Canopy Growth.

What is the consensus analysts' recommendation for Canopy Growth?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canopy Growth.

Has Canopy Growth been receiving favorable news coverage?

Headlines about CGC stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canopy Growth earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned media coverage about the marijuana producer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

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 (ACBFF) and Aurora Cannabis (ACB).

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. VP & CFO
  • Mr. Rade Kovacevic, Exec. VP
  • Ms. Ann Gordon, VP of Corp. Fin.

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 Morgan Stanley (0.57%), AQR Capital Management LLC (0.35%), Connor Clark & Lunn Investment Management Ltd. (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), TD Asset Management Inc. (0.22%) and Swiss National Bank (0.21%).

Which major investors are selling Canopy Growth stock?

CGC stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Connor Clark & Lunn Investment Management Ltd., FIL Ltd, CIBC World Markets Inc., The Manufacturers Life Insurance Company , Victory Capital Management Inc., TD Asset Management Inc. and Jefferies Group LLC.

Which major investors are buying Canopy Growth stock?

CGC stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Janus Henderson Group PLC, Morgan Stanley, Toronto Dominion Bank, Essex Investment Management Co. LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Sumitomo Mitsui Trust Holdings Inc. and Cambridge Investment Research Advisors Inc..

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, Scottrade, Fidelity and Charles Schwab.

What is Canopy Growth's stock price today?

One share of CGC stock can currently be purchased for approximately $46.02.

How big of a company is Canopy Growth?

Canopy Growth has a market capitalization of $15.84 billion and generates $60.79 million in revenue each year. The marijuana producer earns $-54,880,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis. Canopy Growth employs 1,033 workers across the globe.

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, K7A0A8. 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:  2.6 out of 5 (star star)
Outperform Votes:  346 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  675
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 5/23/2019 by MarketBeat.com Staff

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