Alert: Rating Upgrade (11/29/19)-Akorn Inc (NASDAQ: AKRX).

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Stock Rating Upgrade

In the last week the Value Trend Rating for Akorn Inc (NASDAQ: AKRX) improved from C to B reflecting improving fundamentals and high Appreciation Potential.

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Recent Price Action

On 11/29/19, Akorn Inc (NASDAQ: AKRX) stock suffered a large decline of -4.7%, closing at $3.65. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -5.9% during the last week.

Current PriceTarget Research Rating

AKRX is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Akorn has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Akorn has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 69, leading to the Positive Value Trend Rating.

About John Lafferty 54938 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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