Horizon Pharma (NASDAQ:HZNP) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
HZNP has been the topic of a number of other research reports. Cantor Fitzgerald set a $17.00 price objective on Horizon Pharma and gave the company a “buy” rating in a report on Monday, January 8th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective on shares of Horizon Pharma in a report on Sunday, October 22nd. Jefferies Group reissued a “buy” rating and set a $16.00 price objective on shares of Horizon Pharma in a report on Thursday, October 5th. UBS Group set a $20.00 price objective on Horizon Pharma and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, BidaskClub raised Horizon Pharma from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.25.
Horizon Pharma (NASDAQ HZNP) opened at $14.45 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.52 and a current ratio of 1.64. The company has a market capitalization of $2,368.15, a PE ratio of -4.74, a PEG ratio of 0.68 and a beta of 1.35. Horizon Pharma has a fifty-two week low of $9.45 and a fifty-two week high of $17.69.
A number of large investors have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in Horizon Pharma during the 4th quarter valued at approximately $1,920,000. Fox Run Management L.L.C. boosted its stake in Horizon Pharma by 21.5% during the 4th quarter. Fox Run Management L.L.C. now owns 19,200 shares of the biopharmaceutical company’s stock valued at $280,000 after purchasing an additional 3,400 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Horizon Pharma by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 878,801 shares of the biopharmaceutical company’s stock valued at $12,831,000 after purchasing an additional 28,451 shares during the period. California Public Employees Retirement System boosted its stake in Horizon Pharma by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 325,085 shares of the biopharmaceutical company’s stock valued at $4,122,000 after purchasing an additional 10,585 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in Horizon Pharma by 878.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,493 shares of the biopharmaceutical company’s stock valued at $628,000 after purchasing an additional 44,433 shares during the period. Hedge funds and other institutional investors own 85.99% of the company’s stock.
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Horizon Pharma Company Profile
Horizon Pharma Public Limited Company is a biopharmaceutical company. The Company is focused on identifying, developing, acquiring and commercializing differentiated and accessible medicines that address unmet medical needs. As of December 31, 2016, the Company marketed 11 medicines through its orphan, rheumatology and primary care business units.
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