PTC Therapeutics - PTCT Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PTC Therapeutics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 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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10 brokerages have issued 12 month price targets for PTC Therapeutics' shares. Their PTCT share price forecasts range from $35.00 to $76.00. On average, they predict the company's share price to reach $53.73 in the next twelve months. This suggests a possible upside of 17.1% 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 stock has increased by 20.2% and is now trading at $45.89.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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PTC Therapeutics, Inc. (NASDAQ:PTCT) announced its earnings results on Thursday, October, 28th. The biopharmaceutical company reported ($1.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.78) by $0.11. The biopharmaceutical company had revenue of $139 million for the quarter, compared to the consensus estimate of $118.87 million. The business's revenue was up 68.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.03) earnings per share.

PTC Therapeutics updated its FY 2023 earnings guidance on Monday, January, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $940.00M-$1.00 billion, compared to the consensus revenue estimate of $865.56 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 Redwood Investments LLC (0.25%), Pinnacle Associates Ltd. (0.24%), Assenagon Asset Management S.A. (0.24%), New York State Common Retirement Fund (0.10%), Knights of Columbus Asset Advisors LLC (0.04%) and Ellsworth Advisors LLC (0.01%). Insiders that own company stock include Allan Steven Jacobson, Christine Marie Utter, Dawn Svoronos, Emily Luisa Hill, 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 $45.89.

PTC Therapeutics (NASDAQ:PTCT) has a market capitalization of $3.35 billion and generates $538.59 million in revenue each year. The biopharmaceutical company earns $-523,900,000.00 in net income (profit) each year or ($7.47) on an earnings per share basis.

The company employs 1,177 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.