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.
CORT was given price targets by several analysts. The most optimistic analyst gave a price target of 20, which equates to a potential upside of 64.34 percent. The most pessimistic analyst gave a price target of 5, which equates to a potential downside of -58.92 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. The average change in earnings estimates over the last 90 days is 40 percent. 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.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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.
Analysts estimate earnings of CORT to grow at a rate of 137.32 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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.
CORT has traded between a high of 13.25 and a low of 5.24 over the past year. The current market price is above the trailing year's low by 132.25 percent, 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 stock has a market capitalization of $1.37 billion. CORT will post this quarters earnings in days, on 0000-00-00.