Horizon Therapeutics Public Limited (NASDAQ:HZNP) Receives $125.82 Average Price Target from Analysts

Horizon Therapeutics Public Limited (NASDAQ:HZNP) has been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $125.82.

Several brokerages have recently commented on HZNP. Zacks Investment Research downgraded Horizon Therapeutics Public from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, October 29th. BMO Capital Markets boosted their target price on Horizon Therapeutics Public from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, August 5th. Morgan Stanley boosted their target price on Horizon Therapeutics Public from $103.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 26th. Jefferies Financial Group started coverage on Horizon Therapeutics Public in a research report on Wednesday, October 13th. They issued a “buy” rating and a $132.00 target price on the stock. Finally, The Goldman Sachs Group upgraded Horizon Therapeutics Public from a “neutral” rating to a “buy” rating and set a $168.00 target price on the stock in a research report on Thursday, November 18th.

In other news, EVP Andy Pasternak sold 30,168 shares of the stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $113.04, for a total transaction of $3,410,190.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy P. Walbert sold 25,000 shares of the company’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $118.49, for a total value of $2,962,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,832 shares of company stock worth $22,521,442. Insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in Horizon Therapeutics Public by 139.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,367,203 shares of the biopharmaceutical company’s stock worth $125,837,000 after purchasing an additional 796,054 shares during the period. Captrust Financial Advisors grew its position in shares of Horizon Therapeutics Public by 390.6% during the 1st quarter. Captrust Financial Advisors now owns 4,994 shares of the biopharmaceutical company’s stock valued at $460,000 after acquiring an additional 3,976 shares during the period. Royal Bank of Canada grew its position in shares of Horizon Therapeutics Public by 110.8% during the 1st quarter. Royal Bank of Canada now owns 97,300 shares of the biopharmaceutical company’s stock valued at $8,955,000 after acquiring an additional 51,152 shares during the period. Man Group plc grew its position in shares of Horizon Therapeutics Public by 3.5% during the 1st quarter. Man Group plc now owns 35,055 shares of the biopharmaceutical company’s stock valued at $3,226,000 after acquiring an additional 1,188 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Horizon Therapeutics Public during the 1st quarter valued at about $1,170,000. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HZNP traded up $0.06 during trading hours on Friday, hitting $104.87. The stock had a trading volume of 1,772,297 shares, compared to its average volume of 1,580,562. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.83 and a quick ratio of 2.55. Horizon Therapeutics Public has a 12 month low of $66.41 and a 12 month high of $120.54. The firm has a market capitalization of $23.79 billion, a PE ratio of 45.20, a PEG ratio of 1.36 and a beta of 1.03. The stock has a fifty day moving average price of $111.43 and a 200 day moving average price of $102.92.

Horizon Therapeutics Public (NASDAQ:HZNP) last released its earnings results on Wednesday, November 3rd. The biopharmaceutical company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $979.49 million. Horizon Therapeutics Public had a return on equity of 26.85% and a net margin of 18.66%. Horizon Therapeutics Public’s quarterly revenue was up 62.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. As a group, analysts anticipate that Horizon Therapeutics Public will post 4.29 EPS for the current fiscal year.

Horizon Therapeutics Public Company Profile

Horizon Therapeutics Plc is a biopharmaceutical company, which is engages in the research, development, and marketing of pharmaceutical products. It operates through the Orphan and Rheumatology, and Inflammation segments. The Orphan and Rheumatology segment consists of medicines KRYSTEXXA, RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL, QUINSAIR, and RAYOS.

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Analyst Recommendations for Horizon Therapeutics Public (NASDAQ:HZNP)

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