Acorda Therapeutics (ACOR) Earns Daily Coverage Optimism Score of 0.28

Press coverage about Acorda Therapeutics (NASDAQ:ACOR) has trended positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acorda Therapeutics earned a coverage optimism score of 0.28 on Alpha One’s scale. Alpha One also gave news coverage about the biopharmaceutical company an impact score of 75 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have effected Alpha One Sentiment Analysis’s scoring:

A number of equities analysts have recently commented on the stock. Janney Montgomery Scott upgraded shares of Acorda Therapeutics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $38.00 in a research report on Monday, March 13th. Vetr upgraded shares of Acorda Therapeutics from a “buy” rating to a “strong-buy” rating and set a $30.58 price objective for the company in a research report on Tuesday, March 14th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price objective on shares of Acorda Therapeutics in a research report on Thursday, March 30th. TheStreet upgraded shares of Acorda Therapeutics from a “d+” rating to a “c-” rating in a research report on Friday, February 17th. Finally, Cantor Fitzgerald reiterated a “positive” rating on shares of Acorda Therapeutics in a research report on Wednesday, February 15th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Acorda Therapeutics currently has an average rating of “Buy” and a consensus price target of $28.26.

Acorda Therapeutics (NASDAQ:ACOR) traded down 0.96% on Tuesday, hitting $15.50. 431,365 shares of the company’s stock traded hands. Acorda Therapeutics has a 12 month low of $15.30 and a 12 month high of $33.00. The stock has a 50 day moving average price of $17.97 and a 200-day moving average price of $20.95. The stock’s market cap is $710.01 million.

Acorda Therapeutics (NASDAQ:ACOR) last posted its earnings results on Thursday, April 27th. The biopharmaceutical company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. Acorda Therapeutics had a negative return on equity of 1.66% and a negative net margin of 4.38%. The firm had revenue of $119.39 million for the quarter, compared to analyst estimates of $127.34 million. During the same quarter in the prior year, the company earned $0.28 EPS. Acorda Therapeutics’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Acorda Therapeutics will post $1.98 earnings per share for the current fiscal year.

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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).

5 Day Chart for NASDAQ:ACOR

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