Verano Holdings Corp. (OTCMKTS:VRNOF) Receives Average Recommendation of “Moderate Buy” from Analysts

Verano Holdings Corp. (OTCMKTS:VRNOFGet Rating) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.75.

A number of brokerages recently commented on VRNOF. Seaport Res Ptn reissued a “buy” rating on shares of Verano in a research note on Friday, July 22nd. Needham & Company LLC cut shares of Verano from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Canaccord Genuity Group lowered their price target on shares of Verano from C$24.50 to C$23.00 in a report on Thursday, May 26th.

Verano Price Performance

Shares of OTCMKTS:VRNOF opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.75. The firm has a market cap of $87.03 million and a price-to-earnings ratio of -15.51. The firm has a fifty day moving average price of $6.76 and a 200 day moving average price of $8.68. Verano has a fifty-two week low of $4.89 and a fifty-two week high of $18.02.

Verano (OTCMKTS:VRNOFGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). The company had revenue of $202.24 million during the quarter, compared to the consensus estimate of $201.46 million. Verano had a negative net margin of 10.96% and a negative return on equity of 5.83%. As a group, sell-side analysts expect that Verano will post 0.18 earnings per share for the current fiscal year.

Verano Company Profile

(Get Rating)

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.

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Analyst Recommendations for Verano (OTCMKTS:VRNOF)

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