Horizon Pharma Inc. Reaches New 12-Month High at $9.13 (HZNP)
Shares of Horizon Pharma (NASDAQ:HZNP) hit a new 52-week high during trading on Wednesday, American Banking News reports. The stock traded as high as $9.13 and last traded at $8.83, with a volume of 1,613,854 shares trading hands. The stock had previously closed at $8.55.
A number of analysts have recently weighed in on HZNP shares. Analysts at Zacks upgraded shares of Horizon Pharma from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $8.80 price target on the stock. Separately, analysts at Piper Jaffray reiterated a “buy” rating on shares of Horizon Pharma in a research note to investors on Wednesday, November 20th. They now have a $7.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Horizon Pharma from $7.00 to $10.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $8.63.
Horizon Pharma has a 1-year low of $1.97 and a 1-year high of $8.82. The stock has a 50-day moving average of $7.08 and a 200-day moving average of $4.07. The company’s market cap is $578.9 million.
Horizon Pharma (NASDAQ:HZNP) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.22. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $18.31 million. During the same quarter in the prior year, the company posted ($0.47) earnings per share. On average, analysts predict that Horizon Pharma will post $-0.85 earnings per share for the current fiscal year.
Horizon Pharma, Inc operates as a biopharmaceutical company. It is focused on developing and commercializing medicines to target unmet therapeutic needs in arthritis, pain and inflammatory diseases.
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