Ayr Wellness Inc. (OTCMKTS:AYRWF) Receives Average Rating of “Buy” from Brokerages

Ayr Wellness Inc. (OTCMKTS:AYRWF – Get Rating) has been given a consensus rating of “Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $48.55.

Several analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Ayr Wellness from C$57.00 to C$40.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Cantor Fitzgerald lowered their price objective on shares of Ayr Wellness from $17.50 to $13.30 and set a “neutral” rating on the stock in a research report on Friday, March 18th. Zacks Investment Research lowered shares of Ayr Wellness from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Needham & Company LLC lowered their price objective on shares of Ayr Wellness from $28.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, March 18th.

AYRWF opened at $5.59 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.75 and a quick ratio of 1.13. The company’s 50-day moving average is $10.90 and its 200 day moving average is $14.59. Ayr Wellness has a fifty-two week low of $5.38 and a fifty-two week high of $31.87.

Ayr Wellness (OTCMKTS:AYRWF – Get Rating) last released its quarterly earnings results on Thursday, March 17th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Ayr Wellness had a negative net margin of 4.74% and a negative return on equity of 6.15%. The firm had revenue of $111.77 million for the quarter, compared to the consensus estimate of $105.55 million. On average, equities research analysts anticipate that Ayr Wellness will post -0.89 EPS for the current fiscal year.

Ayr Wellness Company Profile (Get Rating)

Ayr Wellness Inc, a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company's cannabis and cannabis products include concentrates, edibles, and vaporizer products. It also provides administrative, consulting, and operations support services to licensed cannabis companies.

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