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.
Investment analysts gave a few price targets for CORT. The most optimistic price target was 20, implying a possible profit of 64.34 percent. The lowest price target was 5, which equates to a potential downside 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.42 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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.
Analysts estimate earnings of CORT to grow at a rate of 137.32 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 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 market cap of CORT is $1.37 billion. CORT will post this quarters earnings in days, on 0000-00-00.