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 potential capital gains of 64.34 percent. The lowest price target was 5, which equates to a potential downside of -58.92 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 40 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.42 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
The growth rate of CORT's earnings is estimated by analysts to be 137.32 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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 CORT is 0.81.
CORT has a 52-week high of 13.25 and a 52-week low of 5.24. Today's price is 132.25 percent above the 52-week low, and below the high by 8.15 percent. 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 market cap of CORT is $1.37 billion. CORT will post this quarters earnings in days, on 0000-00-00.