The shares of HEXO Corp. (NYSE:HEXO) has been pegged with a rating of Buy by Desjardins in its latest research note that was published on April 26th, 2019. Desjardins wasn’t the only research firm that published a report of HEXO Corp., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on April 17th, 2019, to Buy the HEXO stock. The stock had earned Underperform rating from Jefferies when it published its report on February 25th, 2019. The stock was given Buy rating by Seaport Global Securities in its report released on February 21st, 2019, the day when the price target on the stock was placed at $12. Oppenheimer was of a view that HEXO is Outperform in its latest report on February 19th, 2019 while giving it a price target of $7.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The price of the stock the last time has raised by 139.40% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 51.33.
The shares of the company added by 4.93% during the trading session on Wednesday, reaching a low of $6.73 while ending the day at $7.23. During the trading session, a total of 5.06 million shares were traded which represents a -14.03% decline from the average session volume which is 4.44M shares. HEXO had ended its last session trading at 6.89. HEXO Corp. currently has a market cap of $1.40B. HEXO 52-week low price stands at $3.02 while its 52-week high price is $8.40.
The company in its last quarterly report recorded -$0.05 earnings per share which is below the -$0.04 predicted by most analysts. The HEXO Corp. generated $13.44 million in revenue during the last quarter, which is slightly lower than the $14.06 million predicted by analysts. In the second quarter last year, the firm recorded -$0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -80%. HEXO Corp. has the potential to record EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wells Fargo published a research note on April 20th, 2018 where it informed investors and clients that Cousins Properties Incorporated (NYSE:CUZ) is now rated as Market Perform. Their price target on the stock stands at $9.50. BofA/Merrill also rated CUZ as Initiated on April 17th, 2019, with its price target of suggesting that CUZ could surge by 10.14% from its current share price. Even though the stock has been trading at $9.34/share, analysts expect it to surge higher by 0.54% to reach $10.45/share. It started the day trading at $9.46 and traded between $9.28 and $9.39 throughout the trading session.
A look at its technical shows that CUZ’s 50-day SMA is 9.58 while its 200-day SMA stands at 8.96. The stock has a high of $10.10 for the year while the low is $7.53. The company’s P/E ratio currently sits at 40.65, while the P/B ratio is 1.43. At the moment, only of Cousins Properties Incorporated shares were sold short. The company’s average trading volume currently stands at 6.12M shares, which means that the short-interest ratio is just 2.70 days. Over the past seven days, the company moved, with its shift of 1.08%. Looking further, the stock has raised 0.64% over the past 90 days while it gained 9.44% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more CUZ shares, decreasing its portfolio by -0.22% during the last quarter. This move now sees The Vanguard Group Inc selling -135,248 shares in the last quarter, thus it now holds 60,999,426 shares of CUZ, with a total valuation of $583,764,507. BlackRock Fund Advisors meanwhile sold more CUZ shares in the recently filed quarter, changing its stake to $501,065,170 worth of shares. SSgA Funds Management Inc followed the path by decreasing its CUZ portfolio by -4.15% in the quarter. This means that SSgA Funds Management Inc sold -933,405 shares in the last quarter and now controls 21,557,174 shares of the CUZ stock, with the valuation hitting $206,302,155.
Similarly, JPMorgan Investment Management I increased its Cousins Properties Incorporated shares by +45.30% during the recently filed quarter. After buying 3,902,667 shares in the last quarter, the firm now controls 12,517,216 shares of Cousins Properties Incorporated which are valued at $119,789,757. In the same vein, Fidelity Management Research Co decreased its Cousins Properties Incorporated shares by during the most recent reported quarter. The firm sold -976,451 shares during the quarter which decreased its stakes to 11,624,082 shares and is now valued at $111,242,465. Following these latest developments, around 0.40% of Cousins Properties Incorporated stocks are owned by institutional investors and hedge funds.