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.
Investment analysts gave a few price targets for AKRX. The maximum price target given was 34, implying a possible profit of 1.1 percent. The most pessimistic price target was 34, implying a possible loss 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of AKRX to grow at a rate of 3.02 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. AKRX has a PEG ratio of 7.58.
AKRX has traded between a high of 35.40 and a low of 17.61 over the past year. 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 stock has a market capitalization of $4.2 billion. AKRX will post this quarters earnings in days, on 0000-00-00.