uploads///Tilray Analysts NTM Recommendations and Targets

Tilray: Analysts Are More Bearish in March

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Mar. 21 2019, Published 12:03 p.m. ET

Tilray’s disappointing earnings

Tilray (TLRY) just reported its earnings earlier this week. Since then, the stock hasn’t moved much. The company reported total quarterly sales of $15.5 million, which increased nearly 203.8% year-over-year. The company’s revenue gains didn’t turn into profits. Tilray reported an EBITDA loss of $17.8 million—compared to an EBITDA loss of ~$2.1 million in the fourth quarter of 2017. We’ll see how analysts’ ratings have changed since the company’s earnings.

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Analysts’ recommendations

As you can see in the above chart, the number of analysts covering Tilray increased to ten from seven in February. Among the ten analysts, none of them recommended a “strong buy” for the next 12-month period. However, three analysts recommended a “buy,” which remained unchanged month-over-month.

The number of analysts recommending a “hold” also remained unchanged month-over-month at four analysts. In March, two analysts (MJ) recommended a “sell” on the stock, while one analyst recommended a “strong sell.” The overall recommendation for Tilray was a “hold.” Analysts have been more bearish on the stock in March. Cronos Group (CRON) has a “hold” on the stock, while Canopy Growth (WEED) and Aurora Cannabis (ACB) both have a “buy” as of the time of this writing.

Target price

The consensus target price as of the time of this writing was $108.6, which was lower than $131 in February. Tilray closed at $70 on March 20, which would leave an upside of nearly 53% if the current price converged with analysts’ target.

Next, we’ll discuss Innovative Industrial Properties (IIPR).

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