OrganiGram update

On April 15, OrganiGram (OGRMF) reported its second-quarter earnings with sales of 34.9 million Canadian dollars—compared to 3.7 million Canadian dollars in the same quarter the previous year. The company reported an EBITDA of 13.6 million Canadian dollars, which expanded from 6.5 million Canadian dollars a year ago. Let’s look at analysts’ rating update after the company’s earnings.

OrganiGram: Analysts’ Ratings and Target Price

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.


In the above chart, OrganiGram carried a consensus “buy” rating from the 11 analysts covering the stock as of May. Among the 11 analysts, four recommended a “strong buy” compared to five analysts a month ago. Six analysts recommended a “buy” rating on the stock, which remained unchanged month-over-month. One analyst recommended a “hold” rating compared to none over the past month.

Analysts remained bullish on the stock even after the earnings. OrganiGram is one of the only companies that reported a positive EBITDA. Canopy Growth (WEED), Aurora Cannabis (ACB), and Tilray (TLRY) are expected to report a negative EBITDA of -62 million Canadian dollars, -25 million Canadian dollars, and -$16 million in their respective upcoming earnings.

Price update

The current consensus target price on OrganiGram was upgraded to 11.9 Canadian dollars, which increased from 10.9 Canadian dollars for the next 12 months. OrganiGram was trading at 6.9 Canadian dollars on May 8, which leaves an upside of 27%. OrganiGram has returned 95% year-to-date. The company has outperformed the Horizons Marijuana Life Sciences ETF (HMMJ), which has returned 43%.

Latest articles

Apple stock fell 4.6% as the US-China trade war intensified today. China warned of tariffs on more US goods, followed by Trump's tweeted response.

In response to new tariffs from China and President Trump's tweets, the market tanked to session lows on Friday. The DJIA nosedived more than 600 points.

Coverage on Cresco Labs has increased from seven analysts in July to nine in August. Six analysts favor a “strong buy,” and three recommend a “buy.”

AMD stock hit a new 13-year high after the EPYC Rome server CPU launched. How can AMD outperform Intel CPUs at such low prices and still profit?

VMware (VMW) lost about 9% in early hours trading today. VMW released its Q2 of fiscal 2020 results on August 22 after the market closed.

Since Netflix posted its Q2 results, its stock has fallen 18%. Could the streaming giant lose its disruptor position as new players enter the market?