Green Thumb Industries Inc. (OTCMKTS:GTBIF) Given Consensus Rating of “Strong Buy” by Analysts

Green Thumb Industries Inc. (OTCMKTS:GTBIF) has received an average rating of “Strong Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.50.

Several research analysts have commented on the company. Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Monday, September 16th. Finally, Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th.

Green Thumb Industries Trading Up 3.4 %

Shares of GTBIF stock opened at $9.61 on Tuesday. Green Thumb Industries has a 12 month low of $7.50 and a 12 month high of $16.33. The company has a market cap of $2.03 billion, a P/E ratio of 35.59 and a beta of 1.40. The firm has a fifty day moving average price of $10.23 and a 200 day moving average price of $11.01.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $286.87 million during the quarter, compared to analyst estimates of $283.96 million. On average, equities analysts forecast that Green Thumb Industries will post 0.32 EPS for the current year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.