Analyst Ratings for Corcept Therapeutics Inc. (CORT)Updated: 2017-07-28
An average rating of Hold has been given to Corcept Therapeutics Inc. (NASDAQ:CORT) by analysts covering the stock. Last month, CORT received an average rating of Hold.
Of the 4 analysts covering the stock, 2 gave it a buy rating, 0 issued an overweight rating, 0 issued a hold rating, 1 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for CORT by the analysts covering the stock. The most optimistic analyst gave a price target of 20, implying a possible profit of 64.34 percent. The lowest price target was 5, implying potential capital losses of -58.92 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 40 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. If we look at the last 90 days instead, we find a net average change of 0.42 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, 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, while 2 analysts decreased their estimates.
CORT has an estimated earnings growth rate of 137.32 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CORT is 0.81.
In the last 52-weeks, CORT has achieved a high of 13.25 and a low of 5.24. The current market price is above the trailing year's low by 132.25 percent, and 8.15 percent lower than its 52-week high. CORT has a P/E ratio of 110.64. Investors typically compare the P/E ratio to a company's peers in the industry. The CORT value stock report compares CORT to some of its peers using value stock charts. The stock has a market capitalization of $1.37 billion. CORT will post this quarters earnings in days, on 0000-00-00.