Aurora Cannabis Inc. (NASDAQ:ACB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Aurora Cannabis Inc. (NASDAQ:ACB) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company.

Several research analysts have weighed in on ACB shares. Zacks Research raised Aurora Cannabis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Cannabis in a research report on Wednesday, October 8th.

Aurora Cannabis Stock Up 3.6%

Shares of NASDAQ:ACB opened at $4.36 on Friday. The company has a 50 day moving average of $5.05 and a 200-day moving average of $4.99. The stock has a market cap of $247.21 million, a price-to-earnings ratio of -6.32 and a beta of 1.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.41 and a quick ratio of 1.63. Aurora Cannabis has a one year low of $3.42 and a one year high of $6.91.

Aurora Cannabis (NASDAQ:ACB) last issued its earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. Aurora Cannabis had a negative net margin of 15.96% and a negative return on equity of 0.58%. The firm had revenue of $64.88 million during the quarter, compared to the consensus estimate of $86.45 million. On average, sell-side analysts forecast that Aurora Cannabis will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. DKM Wealth Management Inc. acquired a new stake in shares of Aurora Cannabis during the second quarter valued at about $42,000. JW Asset Management LLC acquired a new position in Aurora Cannabis during the 1st quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Aurora Cannabis by 1,808.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,518 shares of the company’s stock valued at $63,000 after buying an additional 9,967 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Aurora Cannabis in the second quarter worth approximately $66,000. Finally, Engineers Gate Manager LP bought a new position in shares of Aurora Cannabis during the second quarter valued at about $68,000. Institutional investors and hedge funds 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.