Horizon Therapeutics Public Limited Company (HZNP) shares are trading at higher $70.55 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $100.67.
To add more color to this target, the company’s high over the last year is $86.67 and the low is $23.81. Over the last 52 weeks, HZNP is up 115.62% while the S&P 500 is up 15.29%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HZNP reported a profit of $484.95 million. Horizon Therapeutics Public Limited Company also saw revenues increase to $636.43 million. In addition, HZNP has free cash flow of $12.47 million as of 09-2020. The company’s EBITDA came in at $300.3 million which compares well with its peers.
HZNP booked profit margins of 43.50%, its Return on Equity (ROE) is 30.10%, and its Return on Assets is 16.60%. All told, it is clear that, HZNP needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HZNP has a short ratio of 2.84 and outstanding shares of 220.71M.
HZNP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.65 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.66. Horizon Therapeutics Public Limited Company HZNP also noted assets of $5.77 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HZNP has historically followed its peers on positive news.
All told, Horizon Therapeutics Public Limited Company HZNP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HZNP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Horizon Therapeutics Public Limited Company HZNP is now commanding a market cap of 15.21B and a float of 218.00M. HZNP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HZNP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HZNP, either long or short, and we have not been compensated for this article.