PTC Therapeutics - PTCT Stock Forecast, Price & News

8 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 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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8 brokerages have issued 1 year target prices for PTC Therapeutics' shares. Their PTCT share price forecasts range from $38.00 to $76.00. On average, they anticipate the company's stock price to reach $52.13 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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PTC Therapeutics' stock was trading at $39.83 at the beginning of the year. Since then, PTCT shares have increased by 27.1% and is now trading at $50.62.
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PTC Therapeutics is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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PTC Therapeutics, Inc. (NASDAQ:PTCT) released its quarterly earnings results on Thursday, August, 4th. The biopharmaceutical company reported ($2.13) earnings per share for the quarter, missing the consensus estimate of ($1.66) by $0.47. The biopharmaceutical company earned $165.50 million during the quarter, compared to analysts' expectations of $162.53 million. PTC Therapeutics had a negative trailing twelve-month return on equity of 10,562.67% and a negative net margin of 89.89%. The company's revenue was up 41.8% compared to the same quarter last year. During the same period last year, the business earned ($1.68) earnings per share.

PTC Therapeutics issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $700.00 million-$750.00 million, compared to the consensus revenue estimate of $722.95 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 number of retail and institutional investors. Top institutional investors include Loomis Sayles & Co. L P (2.29%), TimesSquare Capital Management LLC (0.96%), Handelsbanken Fonder AB (0.73%), Redwood Investments LLC (0.66%), Candriam S.C.A. (0.28%) and Pinnacle Associates Ltd. (0.26%). Insiders that own company stock include Allan Steven Jacobson, Christine Marie Utter, Dawn Svoronos, Emily Luisa Hill, Eric Pauwels, Marcio Souza, 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 $50.62.

PTC Therapeutics (NASDAQ:PTCT) has a market capitalization of $3.61 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 ($7.83) on an earnings per share basis.

PTC Therapeutics 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.