HEXO Corp. (NASDAQ:HEXO) – Research analysts at Cantor Fitzgerald issued their FY2020 EPS estimates for shares of HEXO in a research report issued on Tuesday, November 5th. Cantor Fitzgerald analyst P. Zuanic expects that the company will post earnings per share of ($0.16) for the year. Cantor Fitzgerald has a “Underweight” rating on the stock.
Several other equities analysts have also recently issued reports on HEXO. Roth Capital reduced their price target on shares of HEXO from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Jefferies Financial Group upgraded shares of HEXO from an “underperform” rating to a “hold” rating in a research report on Friday, October 11th. Seaport Global Securities cut shares of HEXO from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. TheStreet cut shares of HEXO from a “c-” rating to a “d+” rating in a research report on Monday, July 22nd. Finally, Eight Capital cut shares of HEXO from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.52.
Shares of NASDAQ HEXO opened at $2.35 on Friday. HEXO has a 1 year low of $2.00 and a 1 year high of $8.40. The company’s 50-day moving average is $3.09 and its 200 day moving average is $4.88.
Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc grew its holdings in HEXO by 39.2% in the second quarter. CIBC Asset Management Inc now owns 217,335 shares of the company’s stock worth $1,160,000 after purchasing an additional 61,220 shares during the period. Brookstone Capital Management purchased a new stake in HEXO in the second quarter worth about $140,000. BNP Paribas Arbitrage SA purchased a new stake in HEXO in the second quarter worth about $532,000. Cetera Advisor Networks LLC purchased a new stake in HEXO in the second quarter worth about $142,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in HEXO in the second quarter worth about $205,000.
HEXO Company Profile
HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.
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