HEXO Corp. (NASDAQ:HEXO) – Beacon Securities issued their FY2021 earnings per share (EPS) estimates for shares of HEXO in a research note issued to investors on Thursday, October 10th. Beacon Securities analyst R. Stanley forecasts that the company will earn $0.11 per share for the year. Beacon Securities currently has a “Hold” rating on the stock.
A number of other equities research analysts also recently weighed in on HEXO. TheStreet downgraded HEXO from a “c-” rating to a “d+” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised HEXO from an “underperform” rating to a “hold” rating in a report on Friday. Bank of America downgraded HEXO from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $9.00 to $4.00 in a report on Monday, October 7th. Oppenheimer downgraded HEXO from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 25th. Finally, MKM Partners initiated coverage on HEXO in a report on Friday, September 20th. They issued a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.08.
A number of hedge funds and other institutional investors have recently modified their holdings of HEXO. EP Wealth Advisors LLC acquired a new stake in HEXO in the first quarter worth about $1,572,000. Exane Derivatives acquired a new stake in shares of HEXO during the second quarter worth about $230,000. Commonwealth Equity Services LLC lifted its holdings in shares of HEXO by 5.6% during the second quarter. Commonwealth Equity Services LLC now owns 74,735 shares of the company’s stock worth $397,000 after purchasing an additional 3,935 shares during the period. G&S Capital LLC acquired a new stake in shares of HEXO during the second quarter worth about $30,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of HEXO by 9,094.0% during the second quarter. Flagship Harbor Advisors LLC now owns 13,791 shares of the company’s stock worth $73,000 after purchasing an additional 13,641 shares during the period.
HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.
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