26 Mar

Analysts Reduce Target Price for Akorn in March

WRITTEN BY Margaret Patrick

Analysts’ recommendations and target price

Wall Street analysts expect an upside potential of 80.76% for Akorn (AKRX) based on the company’s closing price on March 25. In 2019, analysts revised downwards the company’s target price from $8.00 in January and February to $6.20 in March. The current consensus analyst recommendation for the stock is a “hold.”
Analysts Reduce Target Price for Akorn in March

Of the eight analysts covering Akorn, two are recommending a “buy,” and six are recommending a “hold.” The highest target price estimate for the company is $11, and the lowest is $4.

On March 25, Akorn closed at $3.43, 2.00% lower than its previous closing price, 9.24% higher than its 52-week low of $3.14, and 82.68% lower than its 52-week high of $19.81. The company’s market capitalization is $413.45 million.

Based on its closing price on March 25, Akorn has reported returns of -0.29% in the last week, -18.33% in the last month, and -5.25% in the last quarter. The company has reported returns of –74.05% in the last half year, -81.48% in the last year, and 1.18% YTD.

Revenue and EPS estimates

In its fourth quarter, Akorn reported revenues of $153.39 million, a YoY decline of 17.56% and lower than the consensus estimate by $11.36 million. The company reported non-GAAP EPS of -$0.29, which was lower than the consensus estimate by $0.25.

Analysts expect Akorn’s revenues to change YoY by -16.87% to $153.01 million in the first quarter, -16.80% to $158.86 million in the second quarter, -4.54% to $158.11 million in the third quarter, and 6.59% to $163.50 million in the fourth quarter of 2019. Analysts also expect Akorn’s non-GAAP EPS to change YoY by -135.79% to -$0.07 in the first quarter, -118.75% to -$0.03 in the second quarter, 80.00% to -$0.01 in the third quarter, and 103.45% to $0.01 in the fourth quarter of 2019.

Analysts expect Akorn’s revenues to change YoY by -8.46% to $635.32 million in fiscal 2019, 2.80% to $653.11 million in fiscal 2020, and 6.16% to $693.35 million in fiscal 2021. Analysts expect Akorn’s non-GAAP EPS to change YoY by 85.53% to -$0.03 in fiscal 2019, 889.600% to $0.22 in fiscal 2020, and 59.34% to $0.35 in fiscal 2021. 

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