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.
AKRX was given price targets by several analysts. The most optimistic price target was 34, implying a possible profit of 1.1 percent. The lowest price target was 34, implying potential capital losses of 1.1 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.02 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of AKRX's earnings is estimated by analysts to be 3.02 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 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. Currently the stock is 90.97 percent higher than its low, and 5 percent lower than its 52-week high. AKRX has a P/E 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 stock has a market capitalization of $4.2 billion. AKRX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.