Acorda Therapeutics (NASDAQ:ACOR) Price Target Lowered to $18.00 at Leerink Swann

Acorda Therapeutics (NASDAQ:ACOR) had its price objective decreased by stock analysts at Leerink Swann to $18.00 in a research report issued to clients and investors on Wednesday, November 15th. The firm currently has a “market perform” rating on the biopharmaceutical company’s stock. Leerink Swann’s price objective points to a potential downside of 13.46% from the company’s current price. Leerink Swann also issued estimates for Acorda Therapeutics’ Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.65) EPS, FY2018 earnings at $0.77 EPS and FY2019 earnings at ($2.18) EPS.

Other analysts have also recently issued research reports about the company. Janney Montgomery Scott reaffirmed a “hold” rating and issued a $18.00 price target on shares of Acorda Therapeutics in a research report on Wednesday, August 30th. ValuEngine raised Acorda Therapeutics from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Acorda Therapeutics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 26th. BidaskClub lowered Acorda Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $18.00 price objective on shares of Acorda Therapeutics in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Acorda Therapeutics has an average rating of “Hold” and a consensus target price of $21.47.

Acorda Therapeutics (NASDAQ ACOR) opened at $20.80 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.40 and a current ratio of 2.77. Acorda Therapeutics has a 1-year low of $13.60 and a 1-year high of $33.00.

Acorda Therapeutics (NASDAQ:ACOR) last released its quarterly earnings data on Tuesday, October 31st. The biopharmaceutical company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.26). The firm had revenue of $141.07 million for the quarter, compared to analyst estimates of $150.64 million. Acorda Therapeutics had a negative net margin of 10.25% and a negative return on equity of 8.18%. Acorda Therapeutics’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. research analysts predict that Acorda Therapeutics will post -0.07 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ACOR. FMR LLC lifted its stake in shares of Acorda Therapeutics by 5.2% in the 2nd quarter. FMR LLC now owns 6,998,913 shares of the biopharmaceutical company’s stock valued at $137,879,000 after purchasing an additional 348,895 shares during the period. Vanguard Group Inc. lifted its stake in shares of Acorda Therapeutics by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,308,160 shares of the biopharmaceutical company’s stock valued at $84,871,000 after purchasing an additional 168,571 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Acorda Therapeutics by 11.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,655,959 shares of the biopharmaceutical company’s stock valued at $62,813,000 after purchasing an additional 283,091 shares during the period. State Street Corp lifted its stake in shares of Acorda Therapeutics by 52.4% in the 2nd quarter. State Street Corp now owns 2,476,033 shares of the biopharmaceutical company’s stock valued at $48,783,000 after purchasing an additional 851,290 shares during the period. Finally, RA Capital Management LLC lifted its stake in shares of Acorda Therapeutics by 83.8% in the 2nd quarter. RA Capital Management LLC now owns 900,259 shares of the biopharmaceutical company’s stock valued at $17,735,000 after purchasing an additional 410,431 shares during the period.

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Acorda Therapeutics Company Profile

Acorda Therapeutics, Inc is a biopharmaceutical company. The Company focuses on developing therapies that restore function and improve the lives of people with neurological disorders. As of December 31, 2016, the Company marketed three United States Food and Drug Administration (FDA)-approved therapies, including Ampyra (dalfampridine) Extended Release Tablets, 10 milligram (mg), a treatment to improve walking in patients with multiple sclerosis (MS).

Analyst Recommendations for Acorda Therapeutics (NASDAQ:ACOR)

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