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.
A number of analysts gave price targets for CORT. The maximum price target given was 20, implying a possible profit of 64.34 percent. The most pessimistic price target was 5, implying potential capital losses of -58.92 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, 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 2 analysts made negative revisions to their fiscal year's estimates.
CORT has an estimated earnings growth rate of 137.32 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. CORT has a PEG ratio of 0.81.
In the last 52-weeks, CORT has achieved a high of 13.25 and a low of 5.24. Currently the stock is 132.25 percent higher than its low, and 8.15 percent below the 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 market cap of CORT is $1.37 billion. CORT will post this quarters earnings in days, on 0000-00-00.