Akorn (AKRX) Receiving Positive Press Coverage, Analysis Finds
- Author: Zachary Reyes Апр 08, 2017,
Апр 08, 2017, 1:24
The stock recently closed its previous session at $25.22 by showing a percentage change of 5.26% from its previous day closing price of $23.96. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock.
Akorn, Inc. (AKRX) now has a consensus Price Target of $26.
Akorn, Inc. (AKRX) has a market capitalization of 2.98 Billion which suggests the company is a huge company further suggesting that the shares of Akorn, Inc. (NASDAQ:AKRX)'s stock about 5.08% from the 50-day high and 51.47% away from the 50-day low.
In the last Quarter, Akorn, Inc. The stock presently has an average rating of Hold and an average target price of $28.83. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/04/06/akorn-inc-akrx-given-a-24-00-price-target-by-jefferies-group-llc-analysts.html. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.01. Finally, Deutsche Bank AG lowered shares of Akorn from a "buy" rating to a "hold" rating and lowered their price target for the company from $28.00 to $24.00 in a report on Monday, March 6th. Analysts anticipate that Akorn will post $1.63 earnings per share for the current fiscal year. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. The difference between Actual EPS and Estimated EPS was 0.01 Percent. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stock exchanged hands with the total volume of 0.72 Million shares, as contrast to its average volume of 2.09 Million shares. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 66.67% where SMA50 and SMA200 are 85.86% and 48.19% respectively. During the same quarter a year ago, the company posted $0.60 earnings per share.
The company shows its Return on Assets (ROA) value of -25%. Taking a look into the performance of AKRX stock, investor will come to know that the weekly performance for this stock is valued at 3.57%, resulting in a performance for the month at 10.18%. Municipal Employees Retirement System of MI boosted its position in shares of Akorn by 1.4% in the third quarter.
The Relative Volume of the company is 4.73 and Average Volume (3 months) is 8.64 million.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Plug Power Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0.