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

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$29.23 -0.14 (-0.48 %)
(As of 12/18/2018 04:00 PM ET)
Previous Close$29.37
Today's Range$28.31 - $30.09
52-Week Range$15.83 - $59.25
Volume5.91 million shs
Average Volume6.07 million shs
Market Capitalization$7.18 billion
P/E Ratio-91.34
Dividend YieldN/A
Beta3.59
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. 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

Stock Exchange NYSE
Industry Medicinals & botanicals
Sub-IndustryCannabis
SectorMedical
Current SymbolNYSE:CGC
Previous Symbol
CUSIPN/A
Phone855-558-9333

Debt

Debt-to-Equity RatioN/A
Current Ratio0.64
Quick Ratio0.49

Price-To-Earnings

Trailing P/E Ratio-91.34
Forward P/E Ratio-33.22
P/E GrowthN/A

Sales & Book Value

Annual Sales$60.79 million
Price / Sales111.63
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.87 per share
Price / Book6.00

Profitability

EPS (Most Recent Fiscal Year)($0.32)
Net Income$-54,880,000.00
Net Margins-503.14%
Return on Equity-26.32%
Return on Assets-18.43%

Miscellaneous

Employees1,033
Outstanding Shares232,160,000
Market Cap$7.18 billion
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."

How were Canopy Growth's earnings last quarter?

Canopy Growth Corp (NYSE:CGC) announced its quarterly earnings data on Wednesday, November, 14th. The marijuana producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.64. The marijuana producer had revenue of $23.30 million for the quarter, compared to analyst estimates of $59.10 million. Canopy Growth had a negative return on equity of 26.32% and a negative net margin of 503.14%. The firm's revenue for the quarter was up 32.4% on a year-over-year basis. 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 Wednesday, February 13th 2019. View Earnings Estimates for Canopy Growth.

What price target have analysts set for CGC?

3 brokers have issued 12-month price targets for Canopy Growth's shares. Their forecasts range from $19.00 to $61.00. On average, they expect Canopy Growth's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 36.8% from the stock's current price. View Analyst Price Targets for Canopy Growth.

What is the consensus analysts' recommendation for Canopy Growth?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 1 hold rating and 2 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?

Media headlines about CGC stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, 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 gave headlines about the marijuana producer a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Canopy Growth?

Canopy Growth saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 21,039,216 shares, an increase of 27.3% from the October 31st total of 16,526,136 shares. Based on an average daily trading volume, of 12,820,824 shares, the days-to-cover ratio is currently 1.6 days. View Canopy Growth's Current Options Chain.

Who are some of Canopy Growth's key competitors?

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 51)
  • Mr. Mark Anthony Nicholas Zekulin, Pres & Co-CEO
  • Mr. Timothy Rob Saunders, Exec. VP & CFO
  • Mr. Rade Kovacevic, Sr. VP & MD
  • Mr. Ru Wadasinghe, Chief Information Officer

Who are Canopy Growth's major shareholders?

Canopy Growth's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.86%), Vanguard Group Inc (1.86%), Morgan Stanley (1.79%), Connor Clark & Lunn Investment Management Ltd. (0.78%), Macquarie Group Ltd. (0.59%) and TD Asset Management Inc. (0.33%).

Which major investors are selling Canopy Growth stock?

CGC stock was sold by a variety of institutional investors in the last quarter, including QCI Asset Management Inc. NY, The Manufacturers Life Insurance Company , CIBC World Markets Inc., Toronto Dominion Bank, Man Group plc, Seven Eight Capital LP, Legal & General Group Plc and First Republic Investment Management Inc..

Which major investors are buying Canopy Growth stock?

CGC stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Macquarie Group Ltd., Connor Clark & Lunn Investment Management Ltd., Artemis Investment Management LLP, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Essex Investment Management Co. LLC, FIL Ltd and Vanguard Group 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 $29.23.

How big of a company is Canopy Growth?

Canopy Growth has a market capitalization of $7.18 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:  2.7 out of 5 (star star)
Outperform Votes:  187 (Vote Outperform)
Underperform Votes:  164 (Vote Underperform)
Total Votes:  351
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 12/18/2018 by MarketBeat.com Staff

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