Zacks Downgrades Horizon Pharma to Neutral (HZNP)
Horizon Pharma (NASDAQ:HZNP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $11.00 price target on the stock. Zacks‘s target price suggests a potential upside of 29.26% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray downgraded shares of Horizon Pharma from an “overweight” rating to a “neutral” rating in a research note on Tuesday. They now have a $9.00 price target on the stock, down previously from $22.00. Finally, analysts at Guggenheim initiated coverage on shares of Horizon Pharma in a research note on Friday, May 30th. They set a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.14.
Shares of Horizon Pharma (NASDAQ:HZNP) traded down 4.49% on Thursday, hitting $8.51. The stock had a trading volume of 3,078,343 shares. Horizon Pharma has a one year low of $2.11 and a one year high of $18.30. The stock’s 50-day moving average is $14.61 and its 200-day moving average is $13.21. The company’s market cap is $625.2 million.
Horizon Pharma (NASDAQ:HZNP) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.15. The company had revenue of $51.90 million for the quarter, compared to the consensus estimate of $42.69 million. During the same quarter last year, the company posted ($0.36) earnings per share. Horizon Pharma’s revenue was up 496.6% compared to the same quarter last year. On average, analysts predict that Horizon Pharma will post $-1.57 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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