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.
A number of analysts gave price targets for AKRX. The maximum price target given was 34, implying potential capital gains of 1.1 percent. The minimum price target given was 34, implying potential capital losses of 1.1 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.02 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. 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.
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. Smaller PEG ratios are desirable, 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. The PEG ratio of AKRX is 7.58.
In the trailing 52-weeks, AKRX hit 35.40 at the highest peak, while it's lowest trading point was 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 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 stock has a market capitalization of $4.2 billion. AKRX's next earnings release will be on 0000-00-00, which is days away.