PTC Therapeutics (PTCT) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PTC Therapeutics in the last year. There are currently 3 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PTCT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTCT, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued 1-year target prices for PTC Therapeutics' shares. Their PTCT share price forecasts range from $22.00 to $73.00. On average, they expect the company's share price to reach $39.57 in the next twelve months. This suggests a possible upside of 55.0% from the stock's current price.
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PTC Therapeutics' stock was trading at $38.17 at the beginning of 2023. Since then, PTCT shares have decreased by 33.1% and is now trading at $25.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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PTC Therapeutics, Inc. (NASDAQ:PTCT) posted its quarterly earnings results on Thursday, August, 3rd. The biopharmaceutical company reported ($2.66) EPS for the quarter, missing analysts' consensus estimates of ($1.58) by $1.08. The biopharmaceutical company earned $213.80 million during the quarter, compared to the consensus estimate of $206.99 million. PTC Therapeutics's quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.13) earnings per share.

ETFs with the largest weight of PTC Therapeutics (NASDAQ:PTCT) stock in their portfolio include Direxion mRNA ETF (MSGR), iShares Neuroscience and Healthcare ETF (IBRN), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Biotechnology & Genome ETF (PBE), Virtus LifeSci Biotech Products ETF (BBP), Franklin Genomic Advancements ETF (HELX) and SPDR S&P Biotech ETF (XBI).

PTC Therapeutics issued an update on its FY 2023 earnings guidance on Wednesday, July, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $940.00M-$1.00 billion, compared to the consensus revenue estimate of $961.42 million.

24 employees have rated PTC Therapeutics Chief Executive Officer Stuart W. Peltz on Glassdoor.com. Stuart W. Peltz has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC Therapeutics investors own include Baidu (BIDU), Sarepta Therapeutics (SRPT), Alibaba Group (BABA), GW Pharmaceuticals (GWPH), Bausch Health Companies (BHC), NVIDIA (NVDA), Cisco Systems (CSCO), Regulus Therapeutics (RGLS), Aduro Biotech (ADRO) and Gilead Sciences (GILD).

PTC Therapeutics trades on the NASDAQ under the ticker symbol "PTCT."

PTC Therapeutics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (4.21%), Geode Capital Management LLC (1.94%), Bank of New York Mellon Corp (1.28%), JPMorgan Chase & Co. (1.23%), Cowen AND Company LLC (1.08%) and Northern Trust Corp (0.91%). Insiders that own company stock include Alethia Young, Allan Steven Jacobson, Christine Marie Utter, David P Southwell, Dawn Svoronos, Emily Luisa Hill, Emma Reeve, Eric Pauwels, Mark Elliott Boulding, Matthew B Klein, Matthew B Klein, Neil Gregory Almstead, Stephanie Okey and Stuart Walter Peltz.
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Shares of PTCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTCT stock can currently be purchased for approximately $25.53.

PTC Therapeutics (NASDAQ:PTCT) has a market capitalization of $1.92 billion and generates $698.80 million in revenue each year. The biopharmaceutical company earns $-559,020,000.00 in net income (profit) each year or ($8.42) on an earnings per share basis.

The company employs 1,410 workers across the globe.

PTC Therapeutics' mailing address is 100 CORPORATE COURT, SOUTH PLAINFIELD NJ, 07080. The official website for the company is www.ptcbio.com. The biopharmaceutical company can be reached via phone at (908) 222-7000, via email at ehill@ptcbio.com, or via fax at 908-222-7231.