Cronos Group (CRON) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about Cronos Group (NASDAQ:CRON) have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cronos Group earned a news sentiment score of 0.86 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Cronos Group’s ranking:
- Somewhat Favorable Media Coverage Extremely Likely to Affect Cronos Group (CRON) Stock Price (americanbankingnews.com)
- Cronos Group (CRON) Q1 Earnings and Revenues Surpass Estimates (nasdaq.com)
- Cronos Group: Analysts’ Ratings after Its Q1 Earnings (finance.yahoo.com)
- Edited Transcript of CRON earnings conference call or presentation 9-May-19 12:30pm GMT (finance.yahoo.com)
- Why Did Cronos Group (TSX:CRON) Stock Trade 9% Lower After Q1 Earnings on Thursday? (msn.com)
Shares of NASDAQ:CRON opened at $15.40 on Monday. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -192.50 and a beta of 3.84. Cronos Group has a 1 year low of $5.61 and a 1 year high of $25.10.
A number of research firms recently commented on CRON. Zacks Investment Research raised Cronos Group from a “strong sell” rating to a “hold” rating in a research report on Friday. Pi Financial reissued a “neutral” rating and issued a $24.00 price target on shares of Cronos Group in a research report on Tuesday, March 26th. CIBC set a $30.00 price target on Cronos Group and gave the company a “buy” rating in a research report on Wednesday, March 27th. Canaccord Genuity lowered Cronos Group from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a research report on Wednesday, March 27th. Finally, Bank of America began coverage on Cronos Group in a research report on Wednesday, April 17th. They issued an “underperform” rating and a $13.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Cronos Group has a consensus rating of “Hold” and a consensus price target of $17.03.
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About Cronos Group
Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations MMPR. The firm typically invests in companies based in Canada.
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