Aurora Cannabis (NASDAQ:ACB) Upgraded at Atb Cap Markets

Market Beat
2025.02.07 11:18
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Atb Cap Markets upgraded Aurora Cannabis (NASDAQ: ACB) from a "hold" to a "strong-buy" rating in a recent report. Other brokerages, including TD Securities, have also issued positive ratings. Aurora Cannabis has a market cap of $342.86 million and reported earnings of $0.06 per share, exceeding estimates. Hedge funds have increased their stakes in the company, which operates in the cannabis sector, producing and selling cannabis products in Canada and internationally.

Aurora Cannabis (NASDAQ:ACB - Get Free Report) was upgraded by equities research analysts at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Get Aurora Cannabis alerts:

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Several other brokerages have also issued reports on ACB. TD Securities upgraded Aurora Cannabis to a "strong-buy" rating in a research note on Thursday, December 12th. TD Cowen began coverage on Aurora Cannabis in a report on Wednesday, December 11th. They issued a "buy" rating for the company.

Read Our Latest Stock Report on ACB

Aurora Cannabis Stock Performance

  • The Cannabis Sector: Profitability Takes Center Stage

NASDAQ ACB opened at $6.25 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83. The company has a market capitalization of $342.86 million, a PE ratio of -8.22 and a beta of 1.84. Aurora Cannabis has a 52-week low of $2.84 and a 52-week high of $9.35. The company has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $5.16.

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

Hedge Funds Weigh In On Aurora Cannabis

  • Aurora Cannabis Earnings Reveal a Turning Tide for the Stock

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Aurora Cannabis in the 4th quarter valued at $31,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Aurora Cannabis in the second quarter worth $50,000. Wealthspire Advisors LLC bought a new stake in Aurora Cannabis during the fourth quarter valued at $149,000. Finally, Tidal Investments LLC boosted its stake in Aurora Cannabis by 2.7% during the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company's stock valued at $7,905,000 after buying an additional 34,988 shares during the period. 47.63% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Cannabis Company Profile

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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