Should I buy or sell Canopy Growth stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" WEED shares. View WEED analyst ratings or view top-rated stocks .

What is Canopy Growth's stock price target for 2024?

4 brokerages have issued 1-year target prices for Canopy Growth's shares. Their WEED share price targets range from C$0.50 to C$6.70. On average, they expect the company's share price to reach C$3.20 in the next year. This suggests that the stock has a possible downside of 70.3%. View analysts price targets for WEED or view top-rated stocks among Wall Street analysts .

How have WEED shares performed in 2024?

Canopy Growth's stock was trading at C$6.76 at the start of the year. Since then, WEED stock has increased by 59.2% and is now trading at C$10.76. View the best growth stocks for 2024 here .

When is Canopy Growth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024. View our WEED earnings forecast .

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 Aurora Cannabis (ACB) , Aphria (APHA) , Auxly Cannabis Group (CBWTF) , KushCo (KSHB) , Cronos Group (CRON) , Aurora Cannabis (ACBFF) , GW Pharmaceuticals (GWPH) and Alibaba Group (BABA) .

How do I buy shares of Canopy Growth?

Shares of WEED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:WEED

Canopy Growth (WEED) Stock Price, News & Analysis

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C$10.95

+0.16 (+1.48%)

(As of 11:57 AM ET)

Compare

Today's Range: C$10.32
▼
C$11.45
50-Day Range: C$3.75
▼
C$14.67
52-Week Range: C$3.74
▼
C$26.00

Volume: 1.75 million shs
Average Volume: 2.57 million shs
Market Capitalization: C$997.65 million

P/E Ratio: N/A
Dividend Yield: 4.80%
Price Target: C$3.20

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Get Canopy Growth alerts:

Canopy Growth MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 70.3% Downside
C$3.20 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.94
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.18 out of 5 stars

0.8

Analyst's Opinion

Consensus Rating
Canopy Growth has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Canopy Growth has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WEED.

1.7

Dividend Strength

Dividend Leadership
Canopy Growth is a leading dividend payer. It pays a dividend yield of 4.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canopy Growth does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WEED.

3.9

News and Social Media Coverage

News Sentiment
Canopy Growth has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Canopy Growth this week, compared to 5 articles on an average week.
Search Interest
16 people have searched for WEED on MarketBeat in the last 30 days. This is an increase of 220% compared to the previous 30 days.
MarketBeat Follows
2 people have added Canopy Growth to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canopy Growth insiders have not sold or bought any company stock.
Percentage Held by Insiders
19.04% of the stock of Canopy Growth is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.90% of the stock of Canopy Growth is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canopy Growth is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canopy Growth is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Canopy Growth, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Canopy Growth has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Canopy Growth Stock (TSE:WEED)

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, 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; and partnership with Parent Action on Drugs. 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.

WEED Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WEED Stock News Headlines

April 17, 2024 | benzinga.com

Canopy Growth CEO At Benzinga Conference: 'I Don't Think Our Investors Understand The Value That Sits Inside Of Canopy'

April 17, 2024 | msn.com

The Best Cannabis Stock to Invest $1,000 in Right Now

April 19, 2024 | InvestorPlace (Ad)

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April 17, 2024 | americanbankingnews.com

Canopy Growth (TSE:WEED) Shares Down 6.4%

April 16, 2024 | msn.com

Canopy Growth shares on track for its seventh day trading in the red

April 16, 2024 | msn.com

Canopy Growth’s (TSE:WEED) U.S. Invasion Falls Flat with Shareholders

April 15, 2024 | msn.com

Canopy Is 'Cautiously Optimistic' On Cannabis Rescheduling Following Major Step Toward Entry Into US THC Market

April 12, 2024 | msn.com

CGC Stock Is on Watch Amid ‘Canopy USA’ Vote

April 19, 2024 | InvestorPlace (Ad)

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April 11, 2024 | americanbankingnews.com

Canopy Growth (TSE:WEED) Trading Down 7.5%

April 9, 2024 | finance.yahoo.com

Why Marijuana Stocks Got Burnt Today

April 9, 2024 | benzinga.com

What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth?

April 8, 2024 | msn.com

CGC Stock: What to Know Ahead of Canopy Growth’s Share Conversion Vote This Week

April 5, 2024 | msn.com

Canopy Growth Stock Has Been on a Roller Coaster: Is it a Good Buy?

April 2, 2024 | foxnews.com

Pot producers are on the rise as Florida voters decide on the fate of the use of recreational marijuana

April 2, 2024 | msn.com

Aurora Cannabis And Canopy Growth Stocks Get Higher: What's Going On?

April 2, 2024 | money.usnews.com

Pot Producers Climb as Recreational Cannabis to Go on Florida Ballot

April 1, 2024 | msn.com

Canopy Growth Stock Surged 100% Last Month: Is It a Good Buy Now?

April 1, 2024 | marketwatch.com

Canopy Growth wins ISS support for April 12 vote to pave the way for Canopy USA

April 1, 2024 | finance.yahoo.com

INDEPENDENT PROXY ADVISOR, INSTITUTIONAL SHAREHOLDER SERVICES ("ISS"), RECOMMENDS CANOPY GROWTH SHAREHOLDERS VOTE FOR THE CREATION OF EXCHANGEABLE SHARES TO FURTHER THE ADVANCEMENT OF CANOPY USA

March 28, 2024 | msn.com

Tim Seymour Sees High Times Ahead For Cannabis Stocks

March 25, 2024 | finance.yahoo.com

Why Canopy Growth Stock Dropped 9.5% Today

March 24, 2024 | msn.com

Canopy Growth Shares Surge Following Germany’s Cannabis Decriminalization, Defying Previous Predictions of Zero Value

March 22, 2024 | msn.com

Canopy Growth shares—predicted to hit zero last year—surge as Germany decriminalizes cannabis

March 21, 2024 | msn.com

Why Canopy Growth Stock Jumped 16% on Wednesday

March 18, 2024 | msn.com

What's Going On With Marijuana Stocks Tilray And Canopy Growth?

March 15, 2024 | fool.ca

Is the Worst Over for Canopy Growth Stock?

See More Headlines

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Company Calendar

Today: 4/18/2024
Next Earnings (Estimated): 6/20/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Medical
Industry: Drug Manufacturers - Specialty & Generic
Sub-Industry: Cannabis
Current Symbol: TSE:WEED
CUSIP: N/A
CIK: N/A
Web: www.canopygrowth.com
Phone: +1-613-5999600
Fax: N/A
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$3.20
High Stock Price Target: C$6.70
Low Stock Price Target: C$0.50
Potential Upside/Downside: -70.3%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($21.30)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: -0.01
Net Income: C$-1,180,000,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -121.56%
Return on Assets: -8.89%

Debt

Debt-to-Equity Ratio: 127.28
Current Ratio: 1.79
Quick Ratio: 2.32

Sales & Book Value

Annual Sales: C$362.24 million
Price / Sales: 2.71
Cash Flow: C$6.62 per share
Price / Cash Flow: 1.63
Book Value: C$6.57 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 91,110,000
Free Float: N/A
Market Cap: C$983.08 million
Optionable: Not Optionable
Beta: 1.63

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Key Executives

Mr. Bruce A. Linton (Age 52)
Co-Founder, Chairman & Co-CEO
Mr. Mark Anthony Nicholas Zekulin
Pres & Co-CEO
Mr. Timothy Rob Saunders
Exec. Officer
Mr. Rade Kovacevic
Exec. VP
Mr. Mike Lee
Acting Chief Financial Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

WEED Stock Analysis - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" WEED shares.
View WEED analyst ratings or view top-rated stocks.
What is Canopy Growth's stock price target for 2024?: 4 brokerages have issued 1-year target prices for Canopy Growth's shares. Their WEED share price targets range from C$0.50 to C$6.70. On average, they expect the company's share price to reach C$3.20 in the next year. This suggests that the stock has a possible downside of 70.3%.
View analysts price targets for WEED or view top-rated stocks among Wall Street analysts.
How have WEED shares performed in 2024?: Canopy Growth's stock was trading at C$6.76 at the start of the year. Since then, WEED stock has increased by 59.2% and is now trading at C$10.76.
View the best growth stocks for 2024 here.
When is Canopy Growth's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
View our WEED earnings forecast.

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 Aurora Cannabis (ACB), Aphria (APHA), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).
How do I buy shares of Canopy Growth?: Shares of WEED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WEED) was last updated on 4/19/2024 by MarketBeat.com Staff

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Canopy Growth (WEED) Stock Price, News & Analysis

Canopy Growth MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canopy Growth Stock (TSE:WEED)

WEED Stock Price History

WEED Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WEED Stock Analysis - Frequently Asked Questions

Overall MarketRank^™