Aphria (NYSE:APHA) Upgraded by ValuEngine to Buy

Aphria (NYSE:APHA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

Several other analysts have also commented on APHA. CIBC lowered Aphria from a “neutral” rating to a “sector underperform” rating in a research note on Friday, July 26th. Zacks Investment Research raised Aphria from a “strong sell” rating to a “hold” rating in a research note on Friday, May 10th. Jefferies Financial Group started coverage on Aphria in a research note on Friday, May 24th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Clarus Securities started coverage on Aphria in a research report on Tuesday, April 16th. They set a “buy” rating and a $22.75 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $14.75.

APHA traded down $0.18 during midday trading on Thursday, reaching $5.20. The company’s stock had a trading volume of 6,029,800 shares, compared to its average volume of 5,255,008. The stock has a market capitalization of $1.29 billion, a PE ratio of 37.14 and a beta of 3.12. The firm has a fifty day simple moving average of $6.48. Aphria has a twelve month low of $3.75 and a twelve month high of $16.86.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APHA. Liberty Wealth Management LLC bought a new stake in Aphria during the fourth quarter worth about $35,000. Advisory Services Network LLC raised its holdings in Aphria by 45.3% during the first quarter. Advisory Services Network LLC now owns 5,625 shares of the company’s stock worth $52,000 after acquiring an additional 1,755 shares in the last quarter. Lindbrook Capital LLC bought a new stake in Aphria during the second quarter worth about $53,000. Truvestments Capital LLC bought a new stake in Aphria during the first quarter worth about $61,000. Finally, FNY Investment Advisers LLC raised its holdings in Aphria by 17,233.3% during the second quarter. FNY Investment Advisers LLC now owns 10,400 shares of the company’s stock worth $72,000 after acquiring an additional 10,340 shares in the last quarter. Institutional investors and hedge funds own 8.55% of the company’s stock.

About Aphria

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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Analyst Recommendations for Aphria (NYSE:APHA)

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