Aurora Cannabis (NASDAQ:ACB) Raised to “Strong-Buy” at Atb Cap Markets

Atb Cap Markets upgraded shares of Aurora Cannabis (NASDAQ:ACB) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on ACB. TD Securities upgraded Aurora Cannabis to a “strong-buy” rating in a report on Thursday, December 12th. TD Cowen assumed coverage on Aurora Cannabis in a research report on Wednesday, December 11th. They set a “buy” rating on the stock.

Aurora Cannabis Stock Up 16.4 %

Shares of ACB opened at $6.25 on Wednesday. The firm has a market cap of $342.86 million, a P/E ratio of -8.22 and a beta of 1.84. Aurora Cannabis has a 1 year low of $2.84 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.83 and a quick ratio of 1.88. The stock has a 50 day simple moving average of $4.24 and a two-hundred day simple moving average of $5.16.

Aurora Cannabis (NASDAQ:ACB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Aurora Cannabis had a negative return on equity of 2.19% and a negative net margin of 17.47%. On average, analysts forecast that Aurora Cannabis will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Cannabis

A number of hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Aurora Cannabis in the fourth quarter valued at approximately $31,000. Cubist Systematic Strategies LLC acquired a new stake in Aurora Cannabis during the second quarter worth $50,000. Wealthspire Advisors LLC acquired a new stake in shares of Aurora Cannabis in the fourth quarter valued at $149,000. Finally, Tidal Investments LLC grew its stake in Aurora Cannabis by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock worth $7,905,000 after purchasing an additional 34,988 shares in the last quarter. Hedge funds and other institutional investors own 47.63% of the company’s stock.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.