Akorn, Inc. (NASDAQ:AKRX) registered a -6.92% decrease, still its new closing price is 4.10% up from the company’s 1 year high of 35.40.It posted -9.32% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 16 stock analysts following this company have an average price target at $27.54, with individual PT in the $20.00-$40.00 range. The shares moved at $18.29, implying that brokerage firms see shares losing about -29.63% in twelve months time.
Akorn, Inc. (AKRX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -16.22% fall year to date. A Director at Akorn, Inc. (AKRX) offloaded shares in a transaction closed on Monday August 15, 2016. ABRAMOWITZ KENNETH sold 2,691 shares in the company at $30.44 each and collected $81,001 in proceeds. ABRAMOWITZ KENNETH now owns 32,345 shares in the company after this transaction. A Sr VP Gen Counsel & Secretary in the company, BONACCORSI JOSEPH, disclosed a transaction on Tuesday June 14, 2016 that ended up generating $193,001 from the sale of 6,500 shares at $29.84 per share.
Akorn, Inc. (NASDAQ:AKRX) Upcoming Results on Tap
Akorn, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.55 in that period. Sales during the quarter are predicted to arrive at $279.87 million.
Earnings surprise history: Last quarter, the company posted approximately $284.1 million in revenue and EPS of $0.56. The mean forecast was for $267.06 million and $0.54 a share, respectively. One quarter earlier, revenue for the stock was at $280.73 million, with earnings at $0.58/share.
Akorn, Inc. (AKRX) Brokerage Update
Akorn, Inc. (AKRX) is in WallachBeth’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by WallachBeth, according to news reported on Monday November 07, 2016.Another important research note was issued by BofA/Merrill on Monday November 07, 2016.The firm downgraded AKRX to Underperform from Buy. Over the last six months and over the last three months, the shares of Akorn, Inc. (AKRX), have changed -46.57% and -26.19%, respectively.