Atb Cap Markets Forecasts Weaker Earnings for Canopy Growth

Canopy Growth Co. (NASDAQ:CGC) – Stock analysts at Atb Cap Markets lowered their FY2025 earnings per share estimates for Canopy Growth in a research note issued to investors on Sunday, February 9th. Atb Cap Markets analyst F. Gomes now expects that the company will earn ($2.27) per share for the year, down from their prior forecast of ($2.18). Atb Cap Markets currently has a “Strong Sell” rating on the stock. The consensus estimate for Canopy Growth’s current full-year earnings is ($2.38) per share. Atb Cap Markets also issued estimates for Canopy Growth’s Q4 2025 earnings at ($0.27) EPS, FY2026 earnings at ($0.73) EPS, FY2027 earnings at ($0.20) EPS, FY2028 earnings at ($0.15) EPS and FY2029 earnings at ($0.08) EPS.

Canopy Growth Stock Performance

Shares of CGC stock opened at $1.79 on Wednesday. The company has a market capitalization of $233.47 million, a P/E ratio of -0.36 and a beta of 0.86. The business’s 50 day moving average is $2.59 and its two-hundred day moving average is $4.15. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. Canopy Growth has a 12-month low of $1.75 and a 12-month high of $14.92.

Hedge Funds Weigh In On Canopy Growth

A number of hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC raised its holdings in shares of Canopy Growth by 41.6% during the fourth quarter. OLD Mission Capital LLC now owns 51,066 shares of the company’s stock valued at $140,000 after acquiring an additional 15,000 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Canopy Growth in the fourth quarter valued at approximately $381,000. SBI Securities Co. Ltd. acquired a new stake in shares of Canopy Growth in the fourth quarter valued at approximately $587,000. Jones Financial Companies Lllp increased its holdings in shares of Canopy Growth by 222.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,315 shares of the company’s stock valued at $26,000 after purchasing an additional 6,430 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Canopy Growth by 26.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 24,644 shares of the company’s stock valued at $68,000 after purchasing an additional 5,172 shares during the last quarter. Institutional investors and hedge funds own 3.33% of the company’s stock.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.