Analyst Ratings for Akorn Inc. (AKRX)Updated: 2017-07-26
Akorn Inc. (NASDAQ:AKRX) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, AKRX was issued an average rating of Hold.
Of the 9 analysts covering the stock, 0 gave it a buy rating, 0 issued an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for AKRX by the analysts covering the stock. The maximum price target given was 34, which equates to a potential upside of 1.1 percent. The most pessimistic analyst gave a price target of 34, implying potential capital losses of 1.1 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.02 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
AKRX has an estimated earnings growth rate of 3.02 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. AKRX has a PEG ratio of 7.58.
In the last 52-weeks, AKRX has achieved a high of 35.40 and a low of 17.61. Today's price is 90.97 percent above the 52-week low, and 5 percent lower than its 52-week high. AKRX has a price/earnings ratio of 22.88. Investors typically compare the P/E ratio to a company's peers in the industry. The AKRX value stock report compares AKRX to some of its peers using value stock charts. The market cap of AKRX is $4.2 billion. AKRX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.