Ayr Wellness (OTCMKTS:AYRWF) Price target cut to $4.65 by Cantor Fitzgerald analysts

Well-being Ayr (OTCMKTS: AYRWFGet a rating) saw its price target lowered by Cantor Fitzgerald from $6.75 to $4.65 in a report on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on AYRWF. Seaport Res Ptn reissued a buy rating on Ayr Wellness shares in a Friday, July 22 report. Canaccord Genuity Group lowered its price target on Ayr Wellness shares from C$40.00 to C$30.00 and set a buy rating on the stock in a report on Friday. Echelon Wealth Partners restated a buy rating and set a target price of $45.00 on Ayr Wellness shares in a Friday, May 27 research report. Finally, Northland Securities cut its target price on Ayr Wellness shares from $14.00 to $10.00 in a research report on Friday. One research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has a Moderate Buy consensus rating and a consensus price target of $28.78.

Ayr welfare stock down 5.9%

OTCMKTS: AYRWF opened at $4.14 on Friday. The company’s fifty-day moving average price is $5.03 and its two-hundred-day moving average price is $8.45. The company has a current ratio of 2.17, a quick ratio of 1.12 and a debt ratio of 0.40. Ayr Wellness has a one-year minimum of $4.06 and a one-year maximum of $28.09.

Well-being Ayr (OTCMKTS: AYRWFGet a rating) last announced its quarterly results on Thursday, May 26. The company reported ($0.30) EPS for the quarter, beating analyst consensus estimates of ($0.36) by $0.06. The company posted revenue of $111.23 million for the quarter, versus analyst estimates of $109.90 million. Ayr Wellness had a negative net margin of 5.95% and a negative return on equity of 7.87%. On average, analysts expect Ayr Wellness to post -1.22 EPS for the current year.

Company Profile Ayr Wellness

(Get a rating)

Ayr Wellness Inc, a vertically integrated, multi-state cannabis operator, cultivates, manufactures and retails branded cannabis products and packaged cannabis products. The Company’s cannabis and cannabis-based products include concentrates, edibles and vape products. It also provides administrative, advisory and operations support services to licensed cannabis companies.

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Analyst Recommendations for Ayr Wellness (OTCMKTS: AYRWF)

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