HEXO Corp. (NYSE:HEXO – Get Rating) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.64.
A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald decreased their target price on shares of HEXO from $1.20 to $0.90 and set a “neutral” rating for the company in a research note on Friday, March 4th. Canaccord Genuity Group upgraded HEXO from a “hold” rating to a “speculative buy” rating in a research report on Friday, March 4th. Canaccord Genuity Group raised shares of HEXO from a “hold” rating to a “buy” rating in a research report on Friday, March 4th. Zacks Investment Research downgraded shares of HEXO from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Finally, Jefferies Financial Group upgraded shares of HEXO from an “underperform” rating to a “hold” rating and cut their target price for the company from $1.07 to $0.53 in a research report on Thursday, January 27th.
A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of HEXO by 38.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,388,693 shares of the company’s stock worth $970,000 after purchasing an additional 388,221 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of HEXO by 115.6% during the fourth quarter. Mackenzie Financial Corp now owns 49,291 shares of the company’s stock worth $34,000 after acquiring an additional 26,426 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of HEXO during the fourth quarter worth $591,000. D. E. Shaw & Co. Inc. boosted its position in shares of HEXO by 24.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,395,700 shares of the company’s stock worth $972,000 after acquiring an additional 270,500 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of HEXO during the fourth quarter worth $36,000. Institutional investors and hedge funds own 22.07% of the company’s stock.
About HEXO (Get Rating)
HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. It also provides cannabis beverages under the Little Victory, House of Terpenes, Mollo, Veryvell, and XMG brands; and cannabis products under UP Cannabis, Original Stash, and Up brand names.
- Get a free copy of the StockNews.com research report on HEXO (HEXO)
- Institutional Buying Puts A Bottom In Manpower Group Inc
- Workhorse Johnson & Johnson Plows New All-Time Highs
- Fastenal Stock is Ready to Sprint Higher
- J.B. Hunt Transportation Services Fires On All Cylinders
- 3 No-Brainer Stocks to Buy with $1000
Receive News & Ratings for HEXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEXO and related companies with MarketBeat.com's FREE daily email newsletter.