BidaskClub upgraded shares of Akorn (NASDAQ:AKRX) from a strong sell rating to a sell rating in a research note published on Monday morning.

A number of other research firms have also issued reports on AKRX. Piper Jaffray Companies set a $34.00 price objective on Akorn and gave the company a hold rating in a research report on Sunday, October 22nd. Zacks Investment Research upgraded Akorn from a strong sell rating to a hold rating in a research report on Tuesday, October 24th. Finally, Jefferies Group set a $34.00 price objective on Akorn and gave the company a hold rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has an average rating of Hold and an average price target of $29.17.

Akorn (AKRX) opened at $31.75 on Monday. Akorn has a 12-month low of $19.67 and a 12-month high of $34.00. The stock has a market capitalization of $3,999.76, a P/E ratio of 19.86, a P/E/G ratio of 1.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.17 and a current ratio of 4.16.

In other Akorn news, major shareholder John N. Kapoor sold 13,629 shares of Akorn stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $32.67, for a total transaction of $445,259.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Tambi sold 15,100 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $33.35, for a total value of $503,585.00. The disclosure for this sale can be found here. 28.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of AKRX. Teachers Advisors LLC raised its stake in shares of Akorn by 21.2% in the 2nd quarter. Teachers Advisors LLC now owns 188,755 shares of the company’s stock worth $6,331,000 after buying an additional 33,067 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Akorn by 35.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 72,496 shares of the company’s stock worth $2,432,000 after buying an additional 19,027 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Akorn by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,121,766 shares of the company’s stock worth $238,865,000 after buying an additional 176,397 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Akorn by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 268,500 shares of the company’s stock worth $9,005,000 after buying an additional 10,700 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new stake in shares of Akorn in the 2nd quarter worth $234,000. 73.34% of the stock is currently owned by institutional investors.

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Akorn Company Profile

Akorn Inc (Akorn), together with its subsidiaries, is a specialty generic pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals, as well as private-label over-the-counter (OTC) consumer health products and animal health pharmaceuticals. The Company operates through two segments: Prescription Pharmaceuticals and the Consumer Health.

Analyst Recommendations for Akorn (NASDAQ:AKRX)

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