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CGC

Canopy Growth

$42.50

1.785 (4.38%)

10:20
04/16/19
04/16
10:20
04/16/19
10:20

Canopy Growth short-term calls active as shares move 5% higher

Canopy Growth short-term calls active as shares move 5% higher. The stock up $2.10 to $42.83 and 1.6K Apr 44.5 calls changed hands. Apr 42.5, 43, and 45 calls are next most active. Total volume lopsided 5:1 at 12K calls and 2.4K puts. 62% of the flow is in the April term and expire in two days. Bullish flow comes as the company's co-CEO makes comments about revenues at a conference in Toronto today.

CGC Canopy Growth
$42.50

1.785 (4.38%)

04/12/19
PIPR
04/12/19
NO CHANGE
Target $60
PIPR
Overweight
Canopy Growth Q4 revenue estimate lowered at Piper Jaffray
Piper Jaffray analyst Michael Lavery trimmed his Q4 revenue estimates for Canopy Growth to reflect a more conservative build, based on early quarter Health Canada data. Based on April channel checks, product supply to retailers has recently improved, and stores are now maintaining some product inventory, Lavery tells investors in a research note However, Health Canada January industry data show industry momentum ramping up a bit more slowly than expected, adds the analyst. As such, Lavery lowered his Q4 revenue estimate for Canopy Growth to C$96.8M from C$117.6M. Capacity, scale and execution will continue to matter for the next 12-24 months, as growing supply catches up with strong demand in both Europe and Canada, says the analyst. He considers Canopy well positioned relative to its peers on these measures. Lavery keeps an Overweight rating on Canopy Growth shares with a $60 price target.
04/08/19
COWN
04/08/19
NO CHANGE
COWN
Cowen moderates near-term expectations for cannabis group on supply constraints
After hosting investor meetings with the management of Tilray (TLRY), Cowen analyst Vivien Azer said that Canada clearly remains supply constrained and that Tilray, with its asset-light approach, is overexposed to this supply tightness. Independent of commentary from the meetings with Tilray, Azer lowered her revenue estimates throughout her Canadian cannabis coverage as her current read suggests that Q1 growth will likely be modest. Despite her moderation of her near-term expectations, Azer keeps Outperform ratings on Aurora Cannabis (ACB), Canopy Growth (CGC) and Tilray (TLRY) and maintains a Market Perform rating on Cronos (CRON).
04/05/19
MSCO
04/05/19
NO CHANGE
Target $230
MSCO
Overweight
Constellation Brands' FY20 guidance looks conservative, says Morgan Stanley
Morgan Stanley analyst Dara Mohsenian said he was surprised by the magnitude of the "relief rally" in Constellation Brands (STZ) shares following the company's Q4 report given that the company reported greater than expected near-term EPS dilution from its low-end wine sale, realized a lower than expected multiple on the wine transaction and unexpectedly did not provide forward guidance for Canopy Growth (CGC) equity losses. With that said, he sees "two clear positives" emerging from the quarter: the fact that fundamentals in the beer business remain solid and the fact that he sees solid visibility that Constellation can hit the high end of if $8.50-$8.80 FY20 EPS guidance, leaving aside Canopy equity losses. The analyst lowered his FY20 and FY21 EPS estimates to reflect dilution from the wine asset sale and trimmed his price target to $230 from $233, but he keeps an Overweight rating on Constellation shares.
04/04/19
JEFF
04/04/19
NO CHANGE
Target $255
JEFF
Buy
Jefferies views Constellation sale of wine brands favorably
Earnings dilution from a sale of wine brands, along with Canopy Growth (CGC) investment dilution in fiscal 2020 has been an overhang for Constellation Brands (STZ) in recent months, Jefferies analyst Kevin Grundy tells investors in a research note. The analyst says that despite negative earnings implications, he views Constellation's sale of value wine brands to E. & J. Gallo for $1.7B favorably as the "consideration appears reasonable for a declining wine business." Further, and importantly, the sale shifts focus to the company's higher "growth/margin/return" portfolio of assets, namely beer, contends Grundy. Constellation remains the analyst's top pick with a Buy rating and $255 price target.

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Fiat Chrysler

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TSLA

Tesla

$273.25

2.13 (0.79%)

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$289.99

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BA

Boeing

$380.02

2.48 (0.66%)

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BA

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$380.02

2.48 (0.66%)

08:36
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BA

Boeing

$380.02

2.48 (0.66%)

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

04:55
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PINS

Pinterest

$24.46

(0.00%)

13:04
04/20/19
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  • 18

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HUM

Humana

$240.65

7.645 (3.28%)

, CI

Cigna

$148.95

3.46 (2.38%)

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Humana

$240.65

7.645 (3.28%)

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Cigna

$148.95

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Anthem

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UNH

UnitedHealth

$221.74

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CVS Health

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TSLA

Tesla

$273.25

2.13 (0.79%)

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AMD

AMD

$27.68

0.18 (0.65%)

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Intel

$58.49

-0.08 (-0.14%)

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AMD

$27.68

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$58.49

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QCOM

Qualcomm

$79.89

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AAPL

Apple

$203.83

0.69 (0.34%)

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SAM

Boston Beer

$266.90

0.89 (0.33%)

12:37
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SPOT

Spotify

$139.53

1.88 (1.37%)

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$73.49

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$0.00

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Interfor

$0.00

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Canfor

$0.00

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MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

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AWK

American Water

$104.63

2.32 (2.27%)

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FSNN

Fusion

$0.24

0.0048 (2.01%)

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  • 28

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
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V

Visa

$160.14

-0.33 (-0.21%)

19:40
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Visa board elects Visa CEO Al Kelly as Chair »

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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
04/19/19
04/19
19:37
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19:37
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Top Image sees voluntarily delisting to be complete before Nasdaq deadline »

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
04/19/19
04/19
19:33
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19:33
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Four Corners Property Trust acquires restaurant properties for $2.6M »

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