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 most optimistic price target was 34, implying a possible profit of 1.1 percent. The minimum price target given was 34, which equates to a potential downside of 1.1 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of AKRX is 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 below the high by 5 percent. 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.